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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."

Construction News