Ramirent closes and signs agreement with Hartela for outsourcing of equipment and cooperation in Finland

Ramirent Plc Press release 25 November 2015 2:00 p.m.

Vantaa, Finland, 2015-11-25 13:00 CET (GLOBE NEWSWIRE) —

As a result of successful cooperation between Ramirent and Hartela, the companies have closed and signed the agreement that was announced on 1 October 2015 as a Letter of Intent for the outsourcing of Hartela’s equipment, machinery operations and personnel to Ramirent Finland. In addition, the companies have signed a five-year co-operation agreement for renting equipment and providing rental related services to Hartela.

The operations related to Hartela’s equipment management activities in Finland have an annual turnover of approximately EUR 4 million and have employed 13 persons that will now move to Ramirent as part of the agreement. According to the cooperation agreement Hartela will rent the machines needed in its Finnish operations from Ramirent.

Kari Varkki, Head of Business Development Hartela-Yhtiöt Oy, comments: “The aim of the cooperation agreement is to ensure access to a modern evolving fleet of machinery and an operational model that improves our competitiveness and ability to serve our customers even better. We also look forward to having Ramirent as a proactive partner in the planning of our construction sites and calculations”.

“With the agreement Ramirent can serve all of Hartela’s subsidiaries with a holistic approach from tower cranes to comprehensive machine rental services and solutions. The agreement has been expanded to cover also industrial equipment and related services,” says Anna Hyvönen, EVP, Ramirent Finland.

For further information:
Kari Varkki, Head of Business Development, Hartela – yhtiöt Oy tel. +358 500 420 253,

Veikko Lehtola, Director Sales and Marketing, Ramirent Finland tel.+358 20 750 200,

Hartela -yhtiöt Oy is one of the largest construction companies in Finland. Hartela is a family owned company employing some 1,000 construction and technical professionals nationwide and within its export business. In 2014, Hartela’s net sales totalled EUR 283 million.

Ramirent is a leading rental equipment group combining the best equipment, services and know-how into rental solutions that simplify customer’s business. Ramirent serves a broad range of customer sectors including construction, industry, services, the public sector and households. Ramirent focuses on the Baltic Rim with operations in the Nordic countries and in Central and Eastern Europe. In 2014, Ramirent Group sales totalled EUR 614 million. The Group has 2,658 employees in 295 customer centres in 10 countries. Ramirent is listed on the NASDAQ Helsinki (RMR1V). Ramirent – More Than Machines(TM).

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