Kiloutou, SAS has entered into an agreement to acquire 100 percent of the shares in G.S.V. Materieludlejning A/S (“GSV”) from CataCap, Danica and Access Capital Partners for an undisclosed amount. The transaction enables Kiloutou to strengthen their position as the third largest equipment rental provider in Europe and expand their international presence by entering the Danish market. Kiloutou will further support and invest in GSV’s ambitious sustainability and digitalisation agenda. The combined entity will have a revenue of approximately EUR 950 million. Carnegie acted as financial adviser to CataCap in connection with the sale of GSV.
Founded in 1964, GSV is the undisputed market leader in the Danish equipment rental market. GSV has the widest product range on the Danish market with ~22,000 pieces of equipment and a fleet particularly well-suited to accommodate demand at forthcoming large infrastructure projects in Denmark. GSV is headquartered in Hedehusene, Denmark and has a network of 19 depots located throughout Denmark with more than 470 FTEs.
Kiloutou is the third largest equipment rental provider in Europe headquartered in Lille, France. The Group has since its foundation in 1980 built a network of 550+ agencies across France, Poland, Spain, Germany and Italy. Kiloutou takes a new step in its active international development campaign with the acquisition of GSV and thereby reaches a revenue of over 30% outside France.