Morocco?s construction equiment company Atlas Rental and a subsidiary of Stokvis and Loxam Groups have acquired Maroc Elevation
Maroc Elevation, a subsidiary of Acces Industrie, specialises in renting out powered access equipment and is based in Morocco. The company operates across a three-city network comprising Tangiers, Casablanca and El Jadida. Maroc Elevation operates a fleet of more than 200 machines and its stronghold over the Moroccan market is expected to become stronger through this acquisition
Sa?d ALJ, chairman of the Board of Atlas Rental said, ?I am pleased to announce the acquisition of Maroc Elevation and I am delighted to welcome all of its employees into our group. This acquisition will enable Atlas Rental to increase its market share in equipment rental in Morocco and diversify its feet into powered access equipment.?
Daniel Duclos, chairman of the executive board at Acces Industrie added, ?I am proud to have created and developed this activity in Morocco and to have made Maroc Elevation one of the leaders in access equipment rental with its three branches. Following its disengagement from international activities, Acces Industrie is selling its subsidiary Maroc Elevation to Atlas Rental, having also ceased its activities in Spain and Portugal in 2013.?
