EMPOWER OUTSOURCES EQUIPMENT TO RAMIRENT

RAMIRENT PLC INVESTOR NEWS 9 JUNE 2014 at 09:12 EET

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| Source: Ramirent Oyj
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Vantaa, Finland, 2014-06-09 08:12 CEST (GLOBE NEWSWIRE) --
    
            
 

Empower has outsourced significant parts of its equipment fleet to Ramirent and has signed a five-year co-operation agreement. The agreement covers Ramirent’s entire range of equipment and services offered to Empower in Finland.

The outsourced fleet includes for example generators, cable trolleys, fiber welding equipment, cable radars, testers and tools. This equipment complements Ramirent’s existing fleet for the industrial segment and expands the offering targeted to industrial customers. 

”We are delighted that we will deepen our co-operation with Empower. The agreement enables Ramirent to enhance its capabilities to serve industrial customers and sets Ramirent as a frontrunner in serving the telecom sector. The fleet complements well our existing industrial equipment family and boosts our capability in developing services for the industrial segment,” says Anna Hyvönen, EVP, Ramirent Finland and Baltics.

”With this fleet outsourcing agreement Empower can further improve focus on its core business. By co-operating with Ramirent in fleet management we gain clear operational advantages enabling us to further improve the quality of our services to customers,” concludes Eero Auranne, CEO and President Empower Group.

The value of the transaction is not disclosed.


Vantaa, 9 June 2014

RAMIRENT PLC

Magnus Rosén
President and CEO

FURTHER INFORMATION:
Veikko Lehtola, Sales and Marketing Director, Ramirent Finland Ltd, tel. +358 20 750 200
Raine Vammelvirta, VP Operational Excellence, Empower Ltd, tel. +358 29 020 011

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www.ramirent.com

About Ramirent
Ramirent is More Than MachinesTM. We are a leading rental equipment group combining the best equipment, services and know-how into rental solutions that simplify customer business. We serve a broad range of customers, including construction and process industries, services, the public sector and households. In 2013, the Group’s net sales totalled EUR 647 million. The Group has 2,520 employees at 302 customer centres in 10 countries in the Nordic countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.

About Empower
Empower is a service company that builds, installs, maintains and repairs electricity and telecom networks, maintains power plants and factories and delivers ICT solutions. Empower employs 3,000 service professionals and operates in about one hundred locations in Finland, Sweden, Norway, Estonia, Latvia and Lithuania.