Announced
Financials
Tags
Private Equity
Acquisition
Majority
Private
Cross Border
equipment rental
Friendly
Equipment Rental
Norway
Pending
Single Bidder
Synopsis
IK Partners-backed Renta Group, a provider of construction machinery and equipment rental services, agreed to acquire Utleiesenteret, a machinery and equipment rental company. Financial terms were not disclosed. “Utleiesenteret has shown solid growth and good profitability over time. It has a very strong market position in Eastern Norway with a formidable reputation, a clear green profile, updated machinery and offers high-quality service greatly appreciated by its customers. The emphasis on securing its local foundation suits us perfectly as this is central to our business strategy," Kari Aulasmaa, Renta Group CEO.
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