Ramirent Finland is to acquire the site accommodation rental business of Rocla Solutions Oy, one of Finland’s largest manufacturers and distributors of industrial forklift trucks. The deal includes its module fleet and existing rental contracts. The purchase price has not been disclosed.
Rocla Solutions’ accommodation business was focused on industrial and logistics companies. In addition to the fleet acquisition, the companies will strengthen their co-operation in providing full-scale rental services, especially for larger industrial and logistic customers.
“This acquisition supports perfectly our strategy execution in Finland”, said Mikael Kämpe, Managing Director of Ramirent Finland, ”The Rocla Solution’s site modules are modern and well equipped and they fully complement our rental module offering. With this transaction, we will further strengthen our position as the leading rental service provider for the industrial customers in Finland”.
Jukka Viinikainen, Managing Director of Rocla Solutions Oy, said the deal would strengthen its co-operation with Ramirent; ”Intralogistics solutions including strong development of digital services are at the heart of our business. Combining our knowledge of internal logistics with Ramirent’s offering enables us to offer more extensive solutions for our customers”.
Ramirent’s industrial customers include shipyards, forestry, mining, steel and oil and gas industries. In 2018, the industrial segment represented 18% of net sales of the Ramirent Group.
The aannouncement of the acquisition came on the day that Ramirent announced its results for the first quarter of 2019.