Press release 5 May 2011
Ramirent has acquired the machinery and equipment rental business of the Czech construction machinery company RENT MB s.r.o. (“RENT MB”). The acquisition strengthens Ramirent’s existing network in Czech Republic with two new outlets in the Central and Northern part of the country.
“We see good potential in the Czech market as it has a large construction output and a relatively low rental penetration. In one year, we have grown our network from 10 to 29 outlets through a series of bolt-on acquisitions, green field start-ups and franchised outlets in line with Ramirent’s strategy of developing a nation-wide coverage in its markets”, says Tomasz Walawender, SVP, Ramirent Europe Central. “RENT MB has a geographical presence which further complements Ramirent’s existing network in Czech Republic.”
Founded in 2003, RENT MB is active in the rental of construction machinery and equipment. The equipment rental operations consists of two outlets in Central (Mlada Boleslav city) and North (Liberec city) Czech region. After this acquisition Ramirent operates 29 outlets in Czech Republic.
FURTHER INFORMATION:
Mr. Tomasz Walawender, SVP, Ramirent Europe Central, phone +48 32 258 05 21
Mr. Magnus Rosén, President and CEO, phone +358 20 750 2845
Ramirent is a leading equipment rental group delivering Dynamic Rental Solutions™ that simplify business. We serve a broad range of customers, including construction and process industries, shipyards, the public sector and households. In 2010, Group net sales totalled EUR 531 million. The Group has some 3,000 employees at some 378 permanent outlets in thirteen countries. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.
DISTRIBUTION
NASDAQ OMX Helsinki
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