Announced
Completed
Financials
Tags
Finland
Equipment Rental
Friendly
equipment rental
Acquisition
Merger
Public
Single Bidder
Majority
Tender Offer
Completed
Cross Border
Synopsis
Boels Rental, an equipment rental company based in Sittard, Netherlands, completed the acquisition of Cramo, a European equipment rental services company, for €592m ($652m). The offer price represents a premium of approximately 31.2% to the closing price of the Cramo share on Nasdaq Helsinki on November 4, 2019. “Our vision is to build a European leader in the equipment rental market. We have a strong conviction in the strategic combination of Boels and Cramo. The combined company will be a leading player in Europe with a business in 17 countries, and a top-3 position in 12 of those. It will be well diversified in terms of customers, business and geographies,” Pierre Boels, Boels CEO.
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