Dutch International rental company Boels has acquired Norwegian rental company BAS Maskinutleie through its Nordic subsidiary Cramo.
BAS was established in 2008 by Norwegian construction group Backe, and runs a fleet that includes telehandlers, booms, scissor lifts and trailer lifts, along with hoists, glass handling robots and general construction equipment. It currently operates from eight locations from Trondheim in the north to Kristiansand in the south. For the next few months BAS and Cramo Norge will continue to operate independently while an integration plan is finalised. No details of the transaction have been released.
Boels chief executive Pierre Boels said: "A leading market position is important to increase resilience and to leverage future growth. It is our aim to have a top three position in all the markets in which we operate."
Backe chief executive Eirik Gjelsvik, added: “Both companies complement each other well. As part of Cramo, BAS Maskinutleie will benefit from the resilience and long term growth strategy of its new owner."
Cramo chief executive Martin Holmgren said: “This acquisition is an important step for Cramo Norway. BAS is a well established company that not only adds equipment and locations, but above all new competences and expertise. We can now build on two solid structures, the combined strength of which will add value to our Norwegian customers."
Boels Rental group is now one of Europe’s largest rental companies with a network of 725 branches across 18 countries, with more than 7,000 employees. It acquired Finland’s Cramo in 2020 and maintains the brand for its Nordic region operations. See Boels confirms Cramo acquisition.