16.07.2007 18:30:00 CET
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PRESS RELEASE
Paris, 16 July 2007 - 6.30pm
YOUR OPERATIONAL LEASING SOLUTION
TOUAX has strengthened its presence in Europe by acquiring a German company.
The Touax Group, which generates almost 90% of its revenues outside France, is pursuing its European development strategy and has strengthened its positions in Germany with the acquisition of Warex Raumsysteme GmbH, a leasing company of modular buildings.
Warex Raumsysteme GmbH was formed in 1996 and in 10 years has become a benchmark operator in the operational leasing market, particularly in public sector procurement, which represents almost 90% of its revenues. The company owns a modern fleet of 1,200 modules and boasts high quality references such as the cities of Düsseldorf, Dortmund, Freiburg, Bonn, Berlin.
This acquisition results in a 30% increase in Touax's German fleet of modular buildings to 5,200 units. It strengthens the Group's representation in Germany, with branches in five cities - Berlin, Hamburg, Frankfurt, Rostock and Gelsenkirchen - and supplements its expertise in the local authority segment.
By means of this acquisition, TOUAX is seeking to achieve a significant increase in its market share at a very favorable point in the German economic cycle. The synergies between the two companies give Touax the means to realize its ambitions.
Touax - Modular Division - is Europe's third largest lessor of modular buildings and now has 29 branches in Europe - in Germany, Spain, Belgium, the Netherlands, Poland and France.
The TOUAX Group of France is one of the major global operators in the operational leasing market. It meets the need for mobility and flexibility among businesses and local authorities and operates in four main areas: shipping containers, modular buildings, river barges and freight railcars.
TOUAX is listed in Paris on EURONEXT - Eurolist Compartment C (ISIN code FR0000033003) and is part of the Next Prime quality segment of EURONEXT.
Contacts:
TOUAX Fabrice & Raphaël WALEWSKI Managers touax@touax.com www.touax.com Tel: 01 46 96 18 00
ACTUS FINANCE Sébastien BERRET sberret@actus.fr www.actus.fr Tel: 01 53 67 35 77