Vantaa, Finland, 2011-06-30 07:50 CEST (GLOBE NEWSWIRE) —
RAMIRENT PLC STOCK EXCHANGE RELEASE 30 JUNE 2011 AT 08:50 AM
Ramirent has signed an agreement to acquire Hyrman i Lund AB, one of the leading machinery rental companies in Southern Sweden. With operations in seven locations, the company has annual net sales of about EUR 15 million. The acquisition represents one of the largest acquisitions Ramirent has made in Sweden.
Founded in 2000, Hyrman i Lund AB operates mainly in the Halland and Scania regions. The company’s customers mostly represent the construction, civil engineering and industrial sectors. It has 44 employees.
Hyrman i Lund AB is a successful company, whose strong expertise will complement Ramirent’s competencies perfectly. The acquisition will bring synergy benefits in logistics and purchasing, in addition to improving the utilisation of capital-intensive machinery.
”I am happy to welcome Hyrman i Lund AB into the Ramirent team. The acquisition complements our current outlet network. We now have a much better coverage in Southern Sweden and will be closer to our customers. The vision and objectives of Hyrman i Lund AB match ours very well. The acquisition brings us new competencies and strengthens our service level and local presence,” said Peter Dahlsten, SVP, Ramirent Sweden.
”We began looking for a bigger partner, and Ramirent turned out to be the best candidate. Our operations have developed well, but we needed bigger muscles in order to take the next step and to meet the growth expectations of the industry. We believe that this is a good solution for our employees and our company,” said Johnny Svensson, Managing Director, Hyrman i Lund AB.
Ramirent is the second largest machinery rental company in Sweden with annual net sales of EUR 145 million in 2010 operating now 80 outlets throughout the country.
For further information
Peter Dahsten, SVP, Ramirent Sweden, tel. +46 31-57 84 32
Johnny Svensson, Managing Director, Hyrman i Lund Ab, tel. +46 709-13 52 51
Kenth Sturesson, Marketing Director, Ramirent Sweden, tel. +46 31- 57 84 28
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 2010, Group net sales totalled EUR 531 million. The Group has some 3,000 employees at some 382 permanent outlets in thirteen countries. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.