Vantaa, Finland, 2015-12-23 08:15 CET (GLOBE NEWSWIRE) -- Cramo continues to strengthen its position in the German modular space market by acquiring the modular space fleet of MDS Raumsysteme GmbH (“MDS”). MDS is one of the players in the modular space market in southwest Germany and it has a strong position in the industry segment. The fleet complements Cramo’s current offering in the German market and it will be integrated into the fleet of C/S RaumCenter GmbH, the German subsidiary of Cramo Group.
The rental fleet of MDS consists of a total of 179 modular space units of which 92 per cent are currently on rent. The parties have agreed not to disclose the purchase price. The transaction increases Cramo’s sales about EUR 0.4 million on a yearly basis.
“The transaction strengthens our position particularly in the industry segment in Germany. The modular space fleet purchased is also fully compatible with our current fleet in Germany, so the new fleet can be used together with our existing fleet”, comments Mr Petri Moksén, SVP, Cramo Adapteo.
Additional information:
Mr Petri Moksén, SVP Cramo Adapteo, tel: +358 50 534 7257
email: petri.moksen@cramoadapteo.com
Mr Volker Rudolph, Head of Modular Space, Germany, tel:+49 151 150 156 55
email: vrudolph@cs-raum.de
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 330 depots. With a group staff around 2.500, Cramo's consolidated sales in 2014 were EUR 652 million. Cramo shares are listed on the NASDAQ OMX Helsinki Ltd.
Cramo Adapteo is the sub-brand for Cramo’s modular space operations. In Germany Cramo’s modular space operations run under the brand C/S RaumCenter.
For more information, please visit:
www.cramoadapteo.de
www.cs-raum.de