RAMIRENT PLC INVESTOR NEWS 24 April 2014 at 10:00 EET
Vantaa, Finland, 2014-04-24 09:00 CEST (GLOBE NEWSWIRE) —
Ramirent, a leading provider of equipment rental solutions, will expand its safety solutions offering by acquiring a majority stake in Safety Solutions Jonsereds, a Sweden-based company specialised in developing and planning fall protection and safety systems for the construction industry.
Safety Solutions Jonsereds employs 16 persons at three locations in Sweden and has an office also in Finland. The company is owned by Accent Equity 2008, a fund managed by the investment advisor Accent Equity Partners AB. Ramirent will hold a 50.1% stake in Safety Solutions Jonsereds with the remaining 49.9% stake held by Accent Equity and the management of the company. Ramirent holds an option to acquire the remaining stake over a 7 years period.
The acquisition will enhance Ramirent’s existing range of safety equipment to achieve a comprehensive offering of safety solutions to reduce accidents at working sites.
The acquisition is in line with Ramirent’s promise of delivering customer value by providing More Than MachinesTM through related value added services and know-how. “We are happy to announce this deal that strengthens our capabilities with proven competences in the area of safety,” says Magnus Rosén, CEO of Ramirent. “Safety Solutions Jonsereds has extensive and proven experience in developing fall protection material, and the methodology for planning and installing fall protection solutions. A unique customer offering is created by combining Safety Solutions Jonsereds safety competence with Ramirent’s extensive customer centre network.”
Vantaa, 24 April 2014
RAMIRENT PLC
Magnus Rosén
President and CEO
FURTHER INFORMATION:
Magnus Rosén, President and CEO, Ramirent Group tel. +358 20 750 2859
Jonas Söderkvist, CFO and EVP Group Functions, tel. +358 20 750 3248
DISTRIBUTION:
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www.ramirent.com
Ramirent is More Than MachinesTM. 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 2,600 employees at 304 customer centres in 10 countries in the Nordic countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.