Cramo signs Danish outsourcing deal

26 August 2008

Cramo has signed an equipment outsourcing deal with regional Danish engineering contractor MSE A/S. Cramo will acquire MSE's machine fleet and becomes MSE's main rental supplier for the next five years.

Cramo said the deal would generate revenues of approximately MDKK 4.5 million (€0.6 million) in the first year. The acquisition does not include any of MSE's staff or depots. MSE is a local company based in Falster and working mainly in the Lolland/Falster and south Zealand areas.

"The outsourcing deal is important as it gives us a strong foothold in the region with a leading position in Lolland/Falster," said Ole Wamsler, managing director of Cramo's Danish business; "It gives us an immediate access to larger volumes with a strong customer we know well. Furthermore, it also gives us a well-maintained rental fleet, consisting primarily of construction machinery and site huts."

Jan Sörensen, MSE's managing director, said; "By outsourcing the equipment to Cramo we expect to lower our cost for machinery and equipment, and at the same time, gain access to Cramo's wider product range. Through Cramo's depot network we will also get better availability and efficiency in the supply of equipment to support the continued growth of our core construction business".

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