Cramo sells Dutch business to Jaston
25 March 2008
Cramo has sold its Netherlands rental business to the fast-growing Jaston Groep BV, a Netherlands equipment rental and scaffolding company. The price was not disclosed.
The acquisition will almost double Jaston'sbusiness overnight. Based in Zwolle, the privately owned company rents general equipment and scaffolding and has annual sales of approximately 12,7 million. It employs 90 people.
Arjan Jansen, managing director and founder of Jaston, told IRN that the acquisition would increase its depot network to 16 locations - with Cramo bringing 9 new branches - and in particular strengthen its business in the west of the country.
Mr Jansen said management team, including managing director Arno de Nooij, would stay with Jaston. Mr de Nooij will become director of Jast rentals business.
He added that Jaston aims to make further general rental acquisitions in the next two to three months. Jaston's main customers are small to medium sized builders, contractors and trades. It has both aluminium and steel scaffolding businesses.
The sale is not a big surprise. Cramo Nederland was not considered a core business by its parent and had the lowest country market share – just 2% - of all Operations, with annual sales of around 12-15 million.