RAMIRENT PLC INVESTOR NEWS 8.3.2011
RAMIRENT ACQUIRES REMAINING 40% STAKE IN SLOVAK-BASED OTS BRATISLAVA
In 2008 Ramirent entered the Slovak market by acquiring 60% of the shares of the Slovak-based company OTS Bratislava spol.sr.o. (OTS), a leading provider of rental equipment services for Slovak construction companies. Ramirent has now exercised its option to acquire the remaining 40% stake in the company.
When acquiring OTS in 2008 the main activities included rent, repair and sale of construction equipment. Today the company has been turned into a pure equipment rental company and remains the market leader with a nationwide network of 38 outlets.
“During the past three years we have renewed the entire equipment fleet and added new product groups, so that it is today a full product range rental company,” says Tomasz Walawender, SVP, Europe Central-segment.
“In April 2011, the company name will change to Ramirent spol.s.r.o. We are very happy that the former owners and current management team is continuing to lead the Ramirent organisations in both Slovakia and Czech Republic.”
Increasing Ramirent’s holding to 100% of the company, is in line with the Group’s strategy to grow in Central and Eastern Europe. The Slovak equipment rental market is still at an early stage of its development and Ramirent’s nationwide network provides a very good base for developing further the market in Slovakia.
Further information:
Tomasz Walawender, SVP, Europe Central, phone +48 91 4323410
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, the Group’s net sales totalled EUR 531 million. The Group has 3,000 employees at 378 rental outlets in 13 countries in the Nordic countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.
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