“This acquisition is perfectly aligned with Cramo’s strategy in developing the second leg in the CEE area. Cramo will now reach the leading position in the rapidly growing and well-developed Czech rental market whilst also getting an entry into Slovakia, where rental penetration is still quite low”, says Jarmo Laasanen, senior Vice President of Cramo Other Europe.
“We are very pleased to join the Cramo Group. We are sharing the same view of rental business development and with combined resources we can serve our customers even better”, says Zdenek Zilvar, president and CEO of Techniline.
Cramo is a rental services company specialising in equipment rental and rental-related services, as well as rental and sale of modular space. As one of the industry’s leading service providers in the Nordic countries and Central and Eastern Europe, Cramo operates in ten countries with 268 depots. With a group staff of 2,270, Cramo’s consolidated sales for 2007 totalled EUR 496 million and its shares are listed on the OMX Nordic Exchange, Helsinki.
Established in 1990, Techniline is today the leading equipment rental services company in the Czech Republic with operations also in Slovakia. Headquartered in Prague, the company operates modern rental fleet through its depots in Prague, Pardubice and Ostrava, as well as in Bratislava and Kosice in Slovakia. Techniline’s customers include a substantial portfolio of leading national and international construction companies and industrial organizations, which it serves with the latest updated rental fleet. The company employs over 70 rental professionals and its sales were over EUR 8 million in 2007.
Back to transactions