Ramirent’s Danish subsidiary Ramirent A/S has today signed an agreement to acquire the business assets of the machinery rental company Jydsk Materiel Udlejning located in West Jutland. For Ramirent Denmark the acquisition contributes with approximately 1,5 MEUR in annual sales.The acquisition will be integrated into group figures as of 1 March 2011.
Founded in 1940, Jydsk Materiel Udlejning (JMU) originates from the carpenter company P. Korsholm Jeppesen & Søn. JMU specialises in the renting of lifts, modules and light machinery and its customers include local craftsmen, medium-sized contractors, industries and private households. JMU operates two outlets located in Herning and Holstebro and employs 8 persons including present owner, Peter Korsholm Jeppesen, who will remain in the company.
”We are happy to welcome a new member into the Ramirent Group with long traditions in the rental business. The acquisitionstrengthens our position in the fragmented Danish market and is part of Ramirent’s strategy to offer present and new customers an even greater network and wider assortment,” says Erik Høi, SVP, Ramirent Denmark.
Ramirent is the leading construction machinery rental company in Denmark with annual sales of EUR 43 million in 2009. After this acquisition Ramirent has a total of total of 22 outlets in Denmark.
For further information
Erik HØi, Managing Director, Ramirent Denmark, Phone: +45 40 40 22 04,
e-mail:
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 2009, Group net sales totalled EUR 503 million. The Group has some 3,000 employees at some 375 permanent outlets in thirteen countries. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.
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