Rent Co., Ltd. has fully acquired MaxRent Vietnam Co., Ltd., facilitating independent operations and strategic growth in the Vietnamese machinery rental market.

Target Information

Rent Co., Ltd., known for its focus on industrial and construction machinery rental, has successfully acquired MaxRent Vietnam Co., Ltd., which is based in Hanoi. Previously, Rent had operated MaxRent as a joint venture in collaboration with the Marubeni Group, enabling shared expertise and resources within the arrangement.

The decision to fully integrate MaxRent into Rent's operations reflects the company's desire to have greater autonomy over business decisions. This move is expected to facilitate a more streamlined operation, allowing Rent to leverage its existing resources, such as personnel and rental assets, to enhance growth opportunities in the Vietnamese market.

Industry Overview in Vietnam

The industrial machinery and construction equipment rental market in Vietnam has shown significant potential in recent years, driven by the country’s rapid economic grow