The Hertz Corporation
Caprisa was founded in 1991 and is a specialist in forklifts and aerial platforms. Net revenues for 1999 were US$5.2 million. The acquisition was made by Hertz Equipment Rental Europe's Spanish unit, Hertz Alquiler de Maquinaria SL, for an undisclosed sum.
Caprisa will be integrated into Hertz Alquiler de Maquinaria SL.
"This acquisition provides Hertz Equipment Rental Europe with a quality customer base and will allow Hertz Equipment Rental to develop a new product line (forklift trucks) at other European locations. With this acquisition, our presence in Spain will total 17 rental locations," said Miguel Camara, General Manager, Spain, for Hertz Equipment Rental.
Hertz is the only national equipment rental company in Spain and is the second largest equipment rental company in France. Hertz operates more than 90 equipment rental locations in Europe and 290 locations in North America.
SOURCE: The Hertz Corporation
Contact: Paula R. Stifter, of The Hertz Corporation, 201-307-2824
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