RAMIRENT PLC INVESTOR NEWS 9 October 2014 at 14:00 EET
Vantaa, Finland, 2014-10-09 13:00 CEST (GLOBE NEWSWIRE) —
Finnish construction company Hartela Oy has signed an agreement to outsource its fleet of tower cranes to Ramirent and a five-year cooperation agreement with Ramirent in Finland. In addition to tower cranes, the cooperation agreement covers the whole assortment of machines and services from Ramirent. The value of the transaction is not disclosed. As part of the agreement, three Hartela employees will move to Ramirent.
Hanna Kolehmainen, CEO, Hartela: “We have been evaluating different alternatives for developing our fleet management and we have now decided to outsource our tower crane operation. With this agreement we look forward to continuing our successful equipment rental cooperation with Ramirent.”
”Hartela is a family owned construction company with long traditions in the history of Finnish construction. We have cooperated for a long time and with this fleet outsourcing and cooperation agreement we can further deepen our relation with Hartela. Both parties, have high expectations for this new stage in our cooperation”, concludes Anna Hyvönen, EVP, Ramirent Finland.
Vantaa, 9 October 2014
RAMIRENT PLC
Magnus Rosén
President and CEO
FURTHER INFORMATION:
Jorma Korhonen, Project Business Unit Director, Ramirent Finland Oy, +358 20 750 200
Timo Lundstedt, Vice President, Hartela Oy, +358 10 561 2149
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www.ramirent.com
Hartela Oy is one of the largest construction companies in Finland. With over 70 years of operation, Hartela is a financially solid family owned company employing nationwide over one thousand construction and housing technology professionals. In 2013, Hartela’s net sales amounted to EUR 269 million.
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, the Group’s net sales totalled EUR 647 million. The Group has 2,650 employees at 301 customer centres in 10 countries in the Nordic countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.