Cramo sells its Finnish diamond drilling and floor grinding division

Cramo's Finnish subsidiary has sold its diamond drilling and floor grinding business to demolition contractor Kuusakoski Oy. The sale, for an undisclosed price, will close on 1 February 2010.

The division had sales of about €3.7 million in 2009 and all 45 employees are being taken on my Kuusakoski.

Tatu Hauhio, managing director of Cramo Finland, said; "According to our strategy we will now concentrate on rental and rental related services. I am pleased that we reached an agreement with Kuusakoski Oy, which possesses excellent resources to further develop the business".

Kuusakoski's business is recycling, handling and demolition services for construction and other. Hannu Poutiainen, a director at Kuusakoski Oy, said; "The deal supports Kuusakoski's growth as a leading provider of demolition services and fits into our service business strategy".