Ramirent expands in Norway
Finnish based international rental company Ramirent has acquired Rogaland Planbygg the leading provider of temporary accommodation and office modules to the oil and gas industry in Norway.
The acquisition will bring around €22 million of additional revenues to Ramirent Norway, will expanding its customer base. Ramirent Norway had revenues in 2010 of €114 million from its 45 outlets.
Founded in 1997, Rogaland Planbygg is based in Stavanger and specialises in the high-class module market and has strong relationships in the growing oil and gas industry in Norway.
Bjørn E.L. Larsen, senior vice president of Ramirent Norway said: ”The acquisition will strengthen our presence in the industry segment in Norway, which is one of our strategic priorities in the coming years. Rogaland Planbygg’s broad relationships in the oil & gas industry will help us offer also our other product groups this important industrial sector in Norway. I’m excited about the new opportunities the acquisition creates, and look forward to expanding our business together with our excellent Rogaland Planbygg team.”
Egil Messmer the co-owner of Rogaland Planbygg added: “We were looking for an owner that could help us take the next step in our growth. Ramirent’s experience and expertise in the rental business, together with its strong organisation, will help us to do that. We look forward to becoming a part of the Ramirent Group and to contributing to the company’s future success.”
Ramirent chief executive Magnus Rosén added: “This acquisition is an important milestone in our strategy of diversifying our customer base and expanding our product offering. High-class modules partly represent a new business area for Ramirent. Since the rental agreements for modules are typically longer than those in our other product groups, the acquisition also supports our goal of extending our average rental periods. I warmly welcome Rogaland Planbygg into the Ramirent family.”