PRESS RELEASE 10 May 2011
Ramirent Finland Oy has signed an agreement today on the acquisition of Suomen Sääsuoja Oy, located in Tuusula. The management and all employees of the company will transfer to the new owner’s employ under the current terms of employment.
Suomen Sääsuoja, founded in 2005 and located in Tuusula, specialises in renting scaffolding and weather protection. In 2010, the company’s revenue was EUR 5.9 million. The company has two outlets: Tuusula and Pori.
“The decision of our parent company, Pekkaniska, to focus in the future on its personnel hoist and crane operations as well as Ramirent’s strong desire to develop and invest in the growing weather protection market made the decision to sell an easy one. In addition, from now on our customers will get even better service and a more extensive service range than before,” comments Risto Toivonen, Suomen Sääsuoja Oy’s Managing Director and one of the company’s owners.
“This acquisition strengthens Ramirent’s position in the growing weather protection market and enables Ramirent to offer a comprehensive range of services. Furthermore, the know-how and expertise in Suomen Sääsuoja Oy contribute to the development of our services and solidify Ramirent’s position within our core customer sectors,” says Mika Eskola, Teline-Rami Oy’s Managing Director. ”For our customers this means safer activities all-year around regardless of weather conditions.”
“This acquisition is in line with our Group strategy and strengthens our leading position also in scaffolding and weather protection in Finland,” says Kari Aulasmaa, Ramirent Finland Oy’s Managing Director.
Ramirent is the leading construction machinery rental company in Finland, with an annual revenue of EUR 137 million in 2010 and operating nationwide through 84 outlets and around 600 employees. Teline-Rami Oy, a subsidiary of Ramirent Finland Oy, offers comprehensive services in the area of scaffolding.
MORE INFORMATION
Mika Eskola, Managing Director, Teline-Rami Oy, tel: +358 40 822 2945
Ramirent is a leading equipment rental group delivering Dynamic Rental SolutionsTM that simplify business. We serve a broad range of customers, including construction and process industries, shipyards, the public sector and households. In 2010, Group sales totalled EUR 531 million. The Group has 3,000 employees at 382 locations in 13 countries in Northern, Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.
DISTRIBUTION: NASDAQ OMX Helsinki, main news media, www.ramirent.com
