Atlas Copco has agreed to acquire Location Thermique Service (LTS), a steam boiler rental company based in France, to strengthen its Specialty Rental division.

Information on the Target

Location Thermique Service, commonly referred to as LTS, is situated in Carvin within the Haut-de-France region of France. This company specializes in renting steam boilers, which are vital components in various production processes across multiple industries. LTS predominantly serves clients in the manufacturing, power, chemical, oil, and gas sectors, focusing primarily on customers located in France and its neighboring countries.

With a workforce of 13 employees, LTS reported revenues of approximately MEUR 7.3 (MSEK 70) in 2016. As part of its growth strategy, LTS has established a reputation for providing reliable and efficient rental services that meet the critical needs of its industrial clientele.

Industry Overview in France

The steam boiler rental market in France is an essential segment of the broader equipment rental industry, which is experiencing steady growth. The rise in industrial activity, particularly in manufacturing and chemical production, has driv