Ramirent and Havator sign five year cooperation deal

18 May 2010

Ramirent has signed a five year rental and cooperation deal with Finnish crane, heavy lifting and transportation company Havator. As part of the agreement Ramirent is acquiring Havator's self-propelled aerial platform fleet, numbering over 200 units, for an undisclosed price.

The two companies will cooperate on rental contracts in Finland, Sweden and Norway, particularly in the industrial sector and large investment projects.

Havator's €80 million revenue business is mainly in Sweden and Finland, where it provides crane rental, heavy lifting, transportation and harbour crane services.

Kari Aulasmaa, senior vice president, Ramirent Europe East and Finland, told IRN that the important part of the deal was the cooperation agreement; "Havator has established an excellent position in the marketplace and is able to serve its customers throughout the logistics chain.

"We believe that, together we can further strengthen our competitiveness particularly with industrial customers in countries where both have operations. We are very happy to expand our cooperation with Havator".

By selling its self-propelled fleet to Ramirent, Havator removes non-core equipment and also ensures that it does not compete with Ramirent in any product sector. The acquisition of the aerial platforms excludes Havator's truck-mounted access equipment.

Havator's managing director, Jussi Yli-Niemi, said; "This is an important co-operation agreement which brings strategic benefits to both parties. By selling our access platform rental business, we can focus on core operations and we can deepen our cooperation with Ramirent to develop efficient solutions for our customers".

Magnus Rosén, CEO, Ramirent Group, said; "The agreement fits very well with our Group strategy of increasing our activities within the industrial sector and it also takes advantage of our international network."

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