Cramo acquires Sweden’s BMS

Finnish rental company Cramo has acquired Swedish firm BMS Uthyrning i Kalmar AB, strengthening its presence in south-eastern Sweden.

Cramo said BMS had operations in Kalmar and Nybro and had a strong position, particularly in access equipment. It said the combination of BMS’s operations with Cramo’s existing operations in the region would create a local market-leading position.

BMS’s sales in 2013 were SEK10.5 million (€1.15 million), and it employed seven. Cramo said the non-rental business of BMS would be divested before the acquisition.

“The acquisition is a perfect match which goes hand in hand with our Best in Town strategy”, said Cramo Sweden district manager Jonas Ohlson, who will be responsible for the integration of the two businesses.

“Following the deal we will move Cramo’s local operation into the same facilities as BMS, thereby increasing our resources and possibilities to serve our customers, while at the same time reducing cost. The acquisition will also give us a strong foothold for further development in Nybro”.

Cramo said managing director and owner of BMS Per Eriksson would stay at the company for a two-year period, taking an active part in the integration of the companies.

“This is an interesting possibility for me and BMS to help develop the company into an attractive and strong partner to all contractors and construction companies in the region”, said Mr Eriksson.

And Erik Bengtsson, managing director of Cramo Sweden, added that the main advantage of the acquisition was the potential to increase Cramo’s service level to customers in the region.

“We know that Cramo has an attractive offering. But we also know that BMS has been strong in certain customer segments where we have been so far less successful. So this is a golden opportunity for both of us to learn from each other, which in turn is beneficial for our customers,” he said.