Bad Rappenau (Germany), Alkmaar (the Netherlands), May 22, 2017 - The shareholders of Losberger Holding GmbH (“Losberger”) and De Boer Structures Holding BV (“De Boer”) have reached an agreement with respect to the acquisition of De Boer by Losberger. This agreement has the full support of the management of both companies, and is subject to customary regulatory approvals for a transaction of this kind. The transaction is expected to close during the second quarter of 2017.
The combination of Losberger and De Boer, which will have a joint turnover of approximately € 330 million and employing c. 1,200 employees, will result in a leading company in the rental and sale of temporary accommodations in the Industrial, Event, and Rapid Deployment Systems (RDS) market segments in Europe, with strong positions in the Middle East, USA, China and South-America.
Berndt Zoepffel, CEO Losberger, says: ‘We see De Boer as one of the leading companies in the Event industry with a high quality product portfolio, strong project management capabilities and an attractive long-term growth potential. Both companies have successfully worked together in the past on joint projects and we have experienced their leadership and corporate values to be very similar to Losberger. Combining our companies will make this combination a very professional partner for our customers.’
‘De Boer has a strong ambition to grow and expand its current businesses and to enter new regions’, says Arnout de Hair, CEO of De Boer. ‘In recent years we have strengthened our partnerships with key clients, developed new innovative structures and have shown our capabilities to manage complex projects and logistics. Losberger is the perfect partner for us to realise our ambitions and to enter into new global perspectives together. I am convinced that this transaction is in the best interest of our customers, our employees and our shareholders. As we are welcoming our new shareholder aboard, we close an exciting episode in our history so far in which our current shareholder NPM Capital supported us in a very constructive and entrepreneurial way. We thank them for that.’
The offerings of Losberger and De Boer are highly complementary: from a customer, geographical as well as products and services perspective.
The parties have agreed that no financial details about the transaction will be disclosed.
Losberger, founded in 1919, is one of the globally leading providers of highly integrated temporary and semi-permanent space solutions including aluminium and steel halls, room modules and rapid deployment systems as well as turnkey solutions. Losberger has a broadly diversified customer base including corporate customers, event organizers and rental companies, municipalities, government agencies, supranational organizations and NGOs. Losberger, headquartered in Bad Rappenau, Germany, operates 8 production facilities and 14 sales offices globally. Losberger employs over 850 staff worldwide. Find out more about Losberger on our website: www.losberger.com
De Boer organizes fully decorated accommodations for large events and temporary office spaces and is one of the leaders in its sector. De Boer delivers turnkey solutions with excellent customer service and is VCA**, ISO 9001-2015 and ISO 14001-2015 certified. Founded in 1924 and headquartered in Alkmaar, De Boer has a strong international presence with offices in various countries in Europe and the Middle East. Approximately 300 people work for De Boer worldwide, with a temporary staff of 150 during the high season. Find out more on De Boer on our website: www.deboer.com.