RAMIRENT PLC INVESTOR NEWS 4 JUNE 2014 at 9:30 EET
Vantaa, Finland, 2014-06-04 08:30 CEST (GLOBE NEWSWIRE) —
Ramirent has signed an agreement with NSS Group AB to acquire their weather shelter and scaffolding division DCC (Dry Construction Concept). The DCC division is a leading provider of weather shelter solutions and scaffolding in Sweden, Finland and Denmark.
The DCC division has annual sales of app. EUR 16 million and employs 120 persons specialised in developing efficient weather shelter solutions and safe assembly of scaffolding. DCC’s customer base consists of large and mid-sized construction companies as well as industrial builders. Key customers include JM, Fortum, Skanska and Vattenfall. DCC’s and Ramirent’s combined offering and network will help strengthen customer relations further.
The acquisition is in line with Ramirent’s promise of delivering More Than MachinesTM through related value added services and know-how. “This transaction fortifies Ramirent’s position as a solution provider in all Nordic countries and differentiates us also as a one-stop-shop also in weather shelter solutions,” says Magnus Rosén, CEO of Ramirent.”There are many operational synergies between the two companies and together we can take increased responsibility for coordination of scaffolding, access platforms, hoists and other services on site and provide customers with safe products and solutions within weather shelters.”
Vantaa, 4 June 2014
RAMIRENT PLC
Magnus Rosén
President and CEO
FURTHER INFORMATION:
Magnus Rosén, President and CEO, Ramirent Group tel. +358 20 750 2859
Jonas Söderkvist, CFO and EVP Group Functions, tel. +358 20 750 3248
DISTRIBUTION:
NASDAQ OMX Helsinki
The main media
www.ramirent.com
Ramirent is More Than MachinesTM. We are a leading rental equipment group combining the best equipment, services and know-how into rental solutions that simplify customer business. We serve a broad range of customers, including construction and process industries, services, the public sector and households. In 2013, the Group’s net sales totalled EUR 647 million. The Group has 2,520 employees at 302 customer centres in 10 countries in the Nordic countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.