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Boels Rental

In this article, Boels Rental will be addressed from a global and open perspective, with the purpose of providing a comprehensive vision on this topic. Its importance, implications and possible challenges currently facing will be analyzed. Likewise, different approaches and points of view will be examined, in order to offer a panoramic view that allows readers to deeply understand the relevance of Boels Rental in different contexts. Through an exhaustive analysis, we will seek to contribute to the debate and reflection on this topic, with the intention of providing new perspectives and enriching knowledge around Boels Rental.

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Boels Rental
Company typePrivate
FounderPierre Boels Sr.
Headquarters
Sittard
,
Netherlands
Number of locations
830 [1]
Area served
27 countries (Europe)
Key people
  • Pierre Boels Jr. (Chief Executive Officer and Owner)
  • René Olsthoorn (Chief Financial Officer)
  • Reiant Mulder (Chief Operations Officer)
  • Guy Cremer (Director Fleet Operations)
[2]
Servicesequipment rental
Revenue
  • Increase €1,552,731,000 (2023)
  • €1,469,753,000 (2022)
  • Increase €1,558,975,000 (2023)
  • €1,474,901,000 (2022)
  • Decrease €69,295,000 (2023)
  • €100,871,000 (2022)
Total assets
  • Increase €2,908,794,000 (2023)
  • €2,611,430 (2022)
Total equity
  • Increase €515,578,000 (2023)
  • €508,571,000 (2022)
[3]
OwnerPierre Boels Jr.
Number of employees
8,500 [4]
Websiteboels.com

Boels Rental (Dutch pronunciation: [buːls]) is an equipment rental company based in Sittard, Netherlands. According to its annual financial report and own website, as of 2024, the company has over 8,500 employees and over 830 branches in 27 European countries. Boels has over 865,000 rental items in its range.[5][6]

History

The family business was founded in 1977 by Pierre Boels Sr. and has been managed by his son Pierre Boels Jr. since 1996.[7]

The company has been characterized by growth and numerous company takeovers since its founding. In 2020, the Scandinavian rental company Cramo was acquired for around 614 million euros. The takeover made Boels the second largest construction rental company in Europe.[8][9]

In 2024, the Dutch aerial work platform (AWP) specialist Riwal was acquired, expanding the machine park by 20,000 items to a total of over 55,000 AWPs. The Riwal takeover also gave Boels locations in France and Spain for the first time, as well as its first non-European locations in India, Kazakhstan,UAE and Qatar.[10][11]

Sponsoring

From 2012 to 2020, Boels was (together with Dolmans Landscaping) title sponsor of the Boels–Dolmans Cycling Team, an UCI women's road cycling team. Key riders for the team included world champion and 2016 Olympic champion Anna van der Breggen and former world champions Chantal Blaak and Amalie Dideriksen. From 2013 Boels was also main sponsor of the Boels Ladies Tour and the Ardennes classics La Flèche Wallonne and Liège–Bastogne–Liège.

References

  1. ^ "About Boels". Boels Rental. Retrieved 14 October 2024.
  2. ^ "Board Boels Group". Boels Rental. Retrieved 14 October 2024.
  3. ^ "Annual Report 2023". Boels Rental. 8 April 2024. Retrieved 14 October 2024.
  4. ^ "About Boels". Boels Rental. Retrieved 14 October 2024.
  5. ^ "About Boels". Boels Rental. Retrieved 14 October 2024.
  6. ^ "Annual Report 2023". Boels Rental. 8 April 2024. Retrieved 14 October 2024.
  7. ^ "Our history". Retrieved 14 October 2024.
  8. ^ Allen, Thomas (3 February 2020). "Boels completes Cramo acquisition". KHL Group. Retrieved 14 October 2024.
  9. ^ Laikola, Leo (11 November 2019). "Boels to Buy Cramo in $650 Million Equipment Rental Deal". Bloomberg. Retrieved 14 October 2024.
  10. ^ "Boels Acquires Riwal". Vertikal.net. 11 March 2024. Retrieved 14 October 2024.
  11. ^ "Boels Rental acquires Riwal". PRNewswire. 11 March 2024. Retrieved 14 October 2024.
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