Ramirent signs Letter of Intent with Hartela for outsourcing of equipment and a cooperation agreement in Finland

Ramirent signs Letter of Intent with Hartela for outsourcing of equipment and a cooperation agreement in Finland

Ramirent Plc Press release 1 October 2015 at 9:00 a.m.

Vantaa, Finland, 2015-10-01 08:00 CEST (GLOBE NEWSWIRE) —

Ramirent has signed a Letter of Intent with Hartela Oy, Rakennusosakeyhtiö Hartela and Hartela-Forum Oy:n for the outsourcing of equipment, machinery operations and personnel to Ramirent Finland Oy. In addition, the companies have an intention to sign a co-operation agreement whereby Ramirent would rent equipment and provide rental related services to Hartela.

Contract negotiations and negotiations for the re-organisation of Hartela’s operations have started. The aim is to sign the final agreement and start the co-operation by the end of November 2015. Kari Varkki, Head of Business Development, Hartela-yhtiöt Oy comments: “The aim of the cooperation agreement is to ensure access to a modern evolving fleet of machinery and an operational model that improves our competitiveness and ability to serve our customers even better both centrally and through our local operations”.

“Hartela has a long experience of operating in the Finnish construction market. Our co-operation has deepened since 2014 when Hartela outsourced their tower crane operations to Ramirent and signed a co-operation agreement in Finland. We are pleased that Hartela has signed a Letter of Intent for the outsourcing of their machinery operations. Our aim is to offer Hartela world class equipment rental services and improve co-operation further,” says Anna Hyvönen, EVP, Ramirent Finland.

For further information:
Kari Varkki, Head of Business Development, Hartela-yhtiöt Oy tel. +358 500 420 253,

Anna Hyvönen, EVP, Ramirent Finland tel.+358 20 750 200,

Hartela-yhtiöt Oy is one of the largest construction companies in Finland. Hartela is a family owned company employing some 1,000 construction and technical professionals nationwide and within its export business. In 2014, Hartela’s net sales totalled EUR 283 million.

Ramirent is a leading equipment rental group combining the best equipment, services and know-how into rental solutions that simplify customer’s business. Ramirent serves a broad range of customer sectors including construction, industry, services, the public sector and households. Ramirent has operations in the Nordic countries and in Central and Eastern Europe. In 2014, Ramirent Group sales totalled EUR 614 million. The Group has 2,682 employees in 295 customer centres in 10 countries. Ramirent is listed on the NASDAQ Helsinki (RMR1V). Ramirent – More Than Machines(TM).

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