RAMIRENT AND ZEPPELIN RENTAL LAUNCH JOINT VENTURE FOR FEHMARNBELT TUNNEL CONSTRUCTION PROJECT

RAMIRENT PLC PRESS RELEASE 17 July 2014 at 9:00


Vantaa, Finland, 2014-07-17 08:00 CEST (GLOBE NEWSWIRE) --  

Ramirent and Zeppelin Rental have signed a contract to form a joint venture in preparation for serving the cross-border Fehmarnbelt construction project, subject to the approval of the relevant authorities. By establishing the Fehmarnbelt Solution Services, two of Europe’s leading rental and construction site solution providers will combine their resources and expertise in handling large-scale construction sites in this project.

“A project of this magnitude requires international collaboration”, states Magnus Rosén, President and CEO, Ramirent Group. “By combining our complementary capacities, know-how and services we are offering customized one-stop-solutions for the entire lifecycle of the project on both the Danish and the German side. Furthermore we share our knowledge of the labour market and business practices in both countries.”

The broad range of services comprises modular space, equipment rental services, maintenance and repair, logistic and safety management and consulting, temporary infrastructure, energy and climate solutions, facility management services, access control, waste management, training and much more. Fehmarnbelt Solution Services will offer a 24/7 service on site with rental depots on the Danish and German side.

“We have profound understanding on how to face and meet challenging projects, timelines and business objectives,” adds Wolfgang Hahnenberg, chairman of Zeppelin Rental. “With our integrated site and project management services we support customers concentrating on their core business and therefore improving their efficiency and productivity. Together with Ramirent we are simplifying business.”

With Zeppelin in Germany and Ramirent in Denmark, both partners are already located in the region and committed to high standards of quality and job site safety as well as to support a sustainable development. They offer solutions for ecologically sensitive areas and environmentally responsible construction such as fuel-efficient and low-emission equipment or especially thermal insulated modules.

The Fehmarnbelt Fixed Link will be the world’s longest immersed tunnel. It will comprise a four-lane motorway and a double-track electrified railway running on an approximately 18 km section between the Danish and German coast. The project with a construction volume of 5.5 billion Euros is estimated to start in summer 2015 and to be completed in 2021. The final consortium of constructors is still to be selected after which other subcontractors including rental companies can make their offers.

Copy or publication reference requested.

For further information:
Franciska Janzon, SVP, Marketing, Communications and IR, Ramirent Plc
tel. +35 20 750 2859, franciska.janzon@ramirent.com

Gaby Bieger, PR & Communications, Zeppelin Rental GmbH & Co. KG
tel. +49 89 32 000 851, gaby.bieger@zeppelin.com

Ramirent is More Than Machines™. 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 industry, 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 centers in 10 countries in the Nordic countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd. Detailed information is available at www.ramirent.com
 

The Zeppelin Group, which operates at 190 locations worldwide with around 7,700 employees, generated sales of EUR 2.43 billion in the 2013 financial year. It is organised into five strategic business units: Construction Equipment EU and CIS (sales and servicing of construction and agricultural machinery in Europe and the CIS countries), Rental (rental and leasing of construction machines and equipment), Power Systems (drive and energy solutions), and Plant Engineering (engineering and plant engineering). ZEPPELIN GmbH is the Group’s holding company, with its legal seat in Friedrichshafen, Germany, and headquarters in Garching near Munich. Detailed information is available at www.zeppelin.com.

Zeppelin Rental offers customized rental solutions. We are a leading rental service company, providing equipment rental services, logistics management and consulting, temporary infrastructure, energy and electrics and more. With 1,100 employees at 140 rental stores in Germany, Austria, Russia, the Czech and the Slovakian Republic we serve customers in construction and process industry, plant engineering, trade, the public sector, landscaping and event. They benefit from latest technology, professional services and know-how. Detailed information is available at www.zeppelin-rental.de


DISTRIBUTION: NASDAQ OMX Helsinki, the main media, www.ramirent.com