Boels Zanders advised Boels Rental on the acquisition of Driba Holding BV. Driba is the topholding of the Abird group. The transaction was realized on 20 December 2017. Luuk Hendriks led the team of Boels Zanders on the transaction.
Boels Rental has more than 400 branch locations in 17 European countries. Its workforce consists of more than 3,250 people and the company has been active in the rental market for 40 years. Boels Rental is continuously growing its business and has become one of Europe’s largest providers of rental equipment. The acquisition of Abird complements to its existing business and provides a unique position in the industrial segment of the market. With Boels as a shareholder Abird can accelerate the growth of its business and expand its geographical footprint. Together, Boels and Abird will form a strong equipment rental combination with activities in all relevant sectors.
Abird operates throughout the Netherlands, Germany and Belgium, and achieves an annual turnover of €27 million. The company has seven branches and employs 127 people. It specialises in the rental of industrial tools, welding equipment, hoisting and lifting gear, and air, light and power apparatus.