Indu-Tools Group, a leading industrial equipment rental company, is partnering with EQIN, which is owned by the Dutch investment firm Value Enhancement Partners (VEP). Together, they form the EQIN | Indu-Tools Group. Hogenhouck M&A advised the owners of Indu-Tools on this transaction.
The ambitions of the Indu-Tools Group, which operates in the Netherlands, Belgium, France, and Germany, align seamlessly with those of VEP. VEP has owned the rental company EQIN since 2020 and sees significant growth opportunities in the industrial rental sector. To reinforce this, the investor sought out a complementary company: Indu-Tools. Indu-Tools and EQIN both focus on the industrial market and have built a solid track record.
Vision
The merger will further strengthen the company’s position in Western Europe and enable continued growth and innovation. “We want to continue to respond to changing demand in this growing market,” explains VEP Partner Sergio Campisi. “Through the collaboration between Indu-Tools and EQIN, we can better serve our customers and invest in sustainable solutions, innovations, and digitalization. This includes developments in the energy transition that are currently in full swing in the industrial sector, as well as opportunities for the broader use of telematics.”
Synergy effects
Initially, the companies will continue to operate under their own names. Each will be recognizable as part of the EQIN | Indu-Tools Group.
The increased scale will create synergies in the areas of procurement and digitization. In addition, it will provide broader access to the joint network in Western Europe and a better geographic distribution of locations. The rental fleets of both companies are also complementary.
The merger of EQIN and Indu-Tools creates one of the largest industrial equipment rental companies in Western Europe, with revenue of €100 million and 335 employees.
From its founding to becoming one of the largest property managers in Western Europe
The Hogenhouck team that advised Indu-Tools consisted of Mark van Beusekom, Hein Stoops, Margot IJssel de Schepper, and Bas Schellekens. The merger of Indu-Tools and EQIN creates one of the largest industrial equipment rental companies in Western Europe. With multiple locations, Indu-Tools is strategically situated near the largest ports and industrial areas in Western Europe. MWith its renowned clients , there are significant opportunities for Indu-Tools and EQIN to help drive the energy transition in the industrial sector.
Hogenhouck partner Hein Stoops: “Indu-Tools has been a long-standing partner of Hogenhouck. For example, we’ve worked with Indu-Tools NNovember 2020 assisted with the acquisition of their Belgian industry peer I-Rental, thereby creating a strong player in the Benelux and France created. With this next step , Indu-Tools now , together with EQIN, forms a powerful new group with ample opportunities in Western Europe.”
