Vantaa, Finland, 2014-09-09 12:00 CEST (GLOBE NEWSWIRE) -- Cramo Plc Investor News 9 September 2014 at 12 noon (CET), at 1 pm (EET)
Cramo acquires the equipment rental company BMS in South-Eastern Sweden
Cramo strengthens its position in South-Eastern Sweden by acquiring all the shares of BMS Uthyrning i Kalmar AB, with operations in Kalmar and Nybro. BMS is one of the larger equipment rental players in the region, with a strong position particularly in access equipment. The combination of BMS’s operations together with Cramo’s existing operations in the region will create a local market leading position.
BMS’s sales in 2013 were SEK 10.5 million and the number of employees was seven. The non-rental related parts of BMS will be divested before the acquisition. The parties have agreed not to disclose the purchase price.
“The acquisition is a perfect match which goes hand in hand with our Best in Town strategy”, says Cramo’s Sweden’s District Manager Mr Jonas Ohlson, who will be operatively responsible for the integration of the two businesses. “Following the deal we will move Cramo’s local operation into the same facilities as BMS, thereby increasing our resources and possibilities to serve our customers, while at the same time reducing cost. The acquisition will also give us a strong foothold for further development at Nybro”.
The Managing Director and owner of BMS, Mr Per Eriksson, has agreed to stay in the company for a two-year period and to take an active part in the integration of the companies.
“This is an interesting possibility for me and BMS to help develop the company into an attractive and strong partner to all contractors and construction companies in the region”, says Mr Eriksson.
According to Mr Erik Bengtsson, Managing Director of Cramo Sweden, the main advantage of the acquisition is the possibility to increase Cramo’s service level to customers in the region.
“We know that Cramo has an attractive offering. But we also know that BMS has been strong in certain customer segments where we have been so far less successful. So this is a golden opportunity for both of us to learn from each other, which in turn is beneficial for our customers”.
More information:
Mr Jonas Ohlson, District Manager, Cramo Sweden, tel: +46 4543 0504
email: jonas.ohlson@cramo.com
Mr Erik Bengtsson, Managing Director, Cramo Sweden, EVP, Cramo Scandinavia, tel:
+46 70 302 5220
email: erik.bengtsson@cramo.com
Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries with 360 depots. With a group staff around 2.500, Cramo's consolidated sales in 2013 was EUR 660 million. Cramo AB is part of Cramo Group. In Sweden Cramo AB is the leading rental company, operating in over 100 depots with 770 employees all over the country. Cramo shares are listed on the NASDAQ OMX Helsinki Ltd.
For further information, please visit: www.cramo.se or www.cramo.com.