Shareholders of Losberger Holding GmbH (“Losberger”) and De Boer Structures Holding BV (“De Boer”) announced on 22nd May that they had reached an agreement with respect to the acquisition of De Boer by Losberger. They stated that the agreement has the full support of the management of both companies, and is expected to be completed during the second quarter of 2017, subject to customary regulatory approvals for a transaction of this kind.
For Losberger the acquisition of De Boer will be a major step in becoming a leading provider of temporary structures in the event market. Losberger will be able to significantly expand its Event rental business, grow in key regions in Europe and the Middle East. In addition, combining with Losberger will accelerate De Boer’s goal to further strengthen its leading position in the event business.
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.”