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Mon November 18 2024

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Ramirent buys Finnish plant business

20 Dec 18 Ramirent Finland has bought a construction equipment business from contractor SRV Group, with which it has also signed a long-term co-operation agreement.

SRV Kalusto has been acting as an internal equipment rental company in the SRV Group covering approximately a quarter of SRV's equipment rentals and related services at the construction sites. It has currently 33 employees and the debt-free purchase price of the company is 鈧21m (拢19m).

As part of the agreement, SRV Kalusto鈥檚 name changes to Rami Kalusto.

"In line with our strategy, Ramirent is seeking for profitable growth in our core equipment rental business,鈥 said Ramirent Finland managing director Mikael K盲mpe. He added that the agreement supports Ramirent鈥檚 targets and strengthens its position in the Finnish construction equipment rental market."

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