RAMIRENT STRENGTHENS ITS POSITION IN EASTERN PART OF FINLAND

RAMIRENT PLC INVESTOR NEWS 12 November 2014 at 14:00 EET

Vantaa, Finland, 2014-11-12 13:00 CET (GLOBE NEWSWIRE) —

Ramirent has acquired the business operations of Finland-based Savonlinnan Rakennuskonevuokraamo Oy, the leading machine rental company in the Savonlinna and Joensuu areas, with annual net sales of about EUR 2 million and ten employees that will move to Ramirent. The acquisition strengthens Ramirent’s local positioning among small and medium-sized customers.

“In line with our Customer Fist objective, this acquisition enables us to serve our current customers better and bring our entire fleet and service offering to the customers of Savonlinnan Rakennuskonevuokraamo,” says Anna Hyvönen, EVP, Finland and Baltics.

“It was important for us to find a buyer who will provide a good workplace also in the future for our long-term employees. Ramirent continues to operate in the area of Savonlinna and Joensuu by offering the best service for our customers. With the acquisition, our CEO Jorma Kupiainen will be transferred to work at Ramirent to lead the sales in the Savonlinna and Joensuu areas,” says Jarkko Miinin, member of the executive group of Savonlinnan Rakennuskonevuokraamo Oy.

In connection with the acquisition, all the machines and equipment of Savonlinnan Rakennuskonevuokraamo will be transferred to Ramirent. The transaction does not include properties. The value of the transaction is not disclosed.

Ramirent is the largest machinery rental company in Finland, with annual net sales of EUR 152 million in 2013 and 67 outlets throughout the country.

More information:
Anna Hyvönen, EVP, Ramirent Finland and Baltics, tel. 358 20 750 200
Jarkko Miinin, member of the executive group, Savonlinnan Rakennuskonevuokraamo Oy, tel +358 500 192192
 

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Ramirent is More Than Machines. We are a leading rental equipment group combining the best equipment, services and know-how into rental solutions that simplify customer business. We serve a broad range of customers, including construction and process industries, services, the public sector and households. In 2013, Group sales totalled EUR 647 million. The Group has 2,600 employees at 302 customer centres in 10 countries in the Nordic countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.

Savonlinnan Rakennuskonevuokraamo Oy is a family-owned company founded in 1976 with operations in Savonlinna and Joensuu.