The Finnish listed company Ramirent Plc. has sold its Danish division, Ramirent A/S, to G.S.V. Materieludlejning A/S at a price of approx. EUR 33m (enterprise value).
Ramirent A/S leases equipment to a wide range of customers in the construction industry and in the industrial and public sectors. Ramirent A/S has 7 customer centres in Denmark and employs 130 people.
G.S.V. Materieludlejning A/S is a market leading full-line supplier of machinery and equipment for large construction projects, such as construction equipment, scaffolding, hoists, cranes, modules and containers.
With the acquisition of Ramirent A/S, G.S.V. Materieludlejning A/S strengthens its business by widening its product range and expanding geographically. The total revenue is expected to exceed DKK 1.1bn, and the number of employees will top the 520 mark.
The transaction is subject to the approval of the Danish competition authorities.
For further information, please read the press release.