Losberger has acquired structures supplier De Boer to form Losberger De Boer Group. The merger is expected in the second quarter of 2017.
The acquisition of De Boer by Losberger will be a major step for the companies in becoming a leading provider of temporary space solutions in the international event market. The merger aims to see the two raise the new group’s profile within events and to grow in regions such as the Middle East and Europe.
“We consider De Boer a leading company in the event industry with a high quality product portfolio, strong project management capabilities and an attractive long-term growth potential,” said Berndt Zoepffel, CEO Losberger. “Both companies have 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.”
Arnout de Hair, CEO of De Boer Structures commented: “De Boer has a strong ambition to grow and expand its current businesses and to enter new regions. 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.”
The merger is expected to see Losberger and De Boer create a more extensive portfolio, a larger customer group and a growing global footprint. This will enable both companies to benefit from its increasing scale, and therefore have a more balanced distribution of turnover in across all seasons, especially in the Benelux, Germany, France, and the UK.
“We have a choice to grow further and to do that on our own, with significant consequences for the required capital and internal resources, or achieve this goal together with a strong and healthy partner. Losberger is the perfect partner for us to realise our ambitions. I am convinced that this transaction is in the best interest of our customers, our employees and our shareholders,” added de Hair.