IK Partners-backed Renta Group to acquire Utleiesenteret.

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.