Euroloc to invest heavily in aerials

Jorge Perelli, Euroloc's chief executive, told Access International, “It's a market that Euroloc started late in – two years ago. Now we have 400 platforms and we are planning to make some acquisitions, or increase a lot our capital expenditure.”

Mr Perelli said as much as 40% of its spending could be on aerials, depending on progress with acquisitions. The company will invest around €30–40 million on all equipment next year, slightly less than in 2006. Mr Perelli also said it was not a potential buyer of the Universal rental business in Spain.

Euroloc, which was recently majority acquired by private equity company Advent International, plans to grow aggressively in Spain, with a rental revenue target of €130 million to €140 million by 2009. Turnover in 2006 was €72 million.