Ramirent Plc Stock Exchange Release 19 December 2018 at 10:20 EET


Ramirent Finland Ltd has today signed a long-term co-operation agreement with SRV Group Plc. As part of the arrangement, Ramirent has acquired SRV Kalusto Oy’s entire share capital. SRV Kalusto has currently 33 employees and the debt free purchase price of the company is EUR 21 million.

SRV Kalusto has been acting as an internal equipment rental company in the SRV Group covering approximately one fourth of SRV’s equipment rentals and related services at the construction sites. The deal between Ramirent and SRV Group Plc covers significant share of SRV’s annual equipment rentals. In 2017, the net sales of SRV Kalusto Oy amounted to approximately EUR 8 million.

As part of the agreement, SRV Kalusto Oy’s name changes to Rami Kalusto Oy.

“In line with our strategy, Ramirent is seeking for profitable growth in our core equipment rental business. The today announced agreement perfectly supports our targets and strengthens our leading position in Finnish construction equipment rental market,” says Mikael Kämpe, Managing Director of Ramirent Finland Ltd.

Further information:
Mikael Kämpe, Managing Director, Ramirent Finland Ltd, tel. +358 40 192 3535,
Ilkka Pitkänen, CFO, SRV Group Plc, tel. +358 40 667 09 06,

RAMIRENT is a leading service company offering equipment rental for construction and other industries. Our mission is to help our customers gear up on safety and efficiency by delivering great equipment and smooth service with a smile. We have 2,900 co-workers at 300 customer centers in northern and eastern Europe. In 2017, Ramirent Group sales reached a total of EUR 724 million. Ramirent is listed on NASDAQ Helsinki. Ramirent – Gear Up. Equipment rental at your service

SRV is a bold developer and innovator in the construction industry. We want to offer the best customer experience as a constructor of urban city centres, while also being the most attractive employer in the industry. Our genuine cooperation and enthusiasm for our work comes across in every encounter. Established in 1987, we are a publicly listed company that operates in selected growth centres in Finland, Russia and Estonia. Our revenue in 2017 was over EUR 1.1 billion. Just over 1,000 people work for us and we also employ a network of almost 4,000 subcontractors in our projects.