Vantaa, Finland, 2010-12-14 13:52 CET (GLOBE NEWSWIRE) —
RAMIRENT PLC PRESS RELEASE
DANISH CONSTRUCTION COMPANY E. PIHL & SØN A.S. OUTSOURCES EQUIPMENT OPERATIONS TO RAMIRENT
E. Pihl & Søn A.S. (Pihl), one of Denmark’s leading contractors has signed a five-year rental agreement with Ramirent and outsources its light equipment and hoist operations to Ramirent.
Founded in 1900, Pihl is family-owned and is currently working in 16 different countries with projects covering many different areas from large infrastructure works to hydro power plants and building construction. Pihl’s net sales were EUR 733 million in 2009, out of which EUR 333 million was generated in Denmark. For Ramirent Denmark the agreement with Pihl corresponds to estimated annual sales of EUR 2-3 million.
"With this agreement we have extended our good co-operation with Ramirent. This solution adds efficiency and flexibility to our operation," says Niels Erik Niebuhr, head of Plant Department, E. Pihl & Søn A.S.
"Letting customers outsource their machinery to us and focus on their own core processes, is an important part of our strategy in simplifying business for our customers," says Erik Høi, Managing Director, Ramirent Denmark. "We are very pleased to announce this agreement, which further deepens our co-operation with Pihl and reinforces Ramirent’s position in Denmark."
Ramirent is the leading construction machinery rental company in Denmark with annual sales of EUR 43 million in 2009 and operating nationwide through 20 outlets and 148 employees.
Vantaa, 14 December 2010
RAMIRENT PLC
Magnus Rosén
President and CEO
FURTHER INFORMATION
Erik Høi, Managing Director, Ramirent Denmark, Phone: +45 4040 22 04, e-mail: eho@ramirent.dk
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www.ramirent.com
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.