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Tue May 26 2020

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Ramirent buys Finnish plant business

20 Dec 18 Ramirent Finland has bought a construction equipment business from contractor SRV Group, with which it has also signed a long-term co-operation agreement.

SRV Kalusto has been acting as an internal equipment rental company in the SRV Group covering approximately a quarter of SRV's equipment rentals and related services at the construction sites. It has currently 33 employees and the debt-free purchase price of the company is €21m (£19m).

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

"In line with our strategy, Ramirent is seeking for profitable growth in our core equipment rental business,” said Ramirent Finland managing director Mikael Kämpe. He added that the agreement supports Ramirent’s targets and strengthens its position in the Finnish construction equipment rental market."

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