Ramirent buys again in Czech Republic

Ramirent has acquired RENT MB sro, a small rental business in the Czech Republic with two depots. RENT MB was founded in 2003 and has rental depots in Mlada Boleslav and Liberec.

The deal follows just a month after Ramirent bought the rental operations of aerial platform sales company Stavební Doprava a Mechanizace (SDM). (SDM continues to operate as an equipment sales and service business.)

"We see good potential in the Czech market as it has a large construction output and a relatively low rental penetration", said Tomasz Walawender, senior vice president, Ramirent Europe Central.

"In one year, we have grown our network from 10 to 29 outlets through a series of bolt-on acquisitions, green field start-ups and franchised outlets in line with Ramirent's strategy of developing a nation-wide coverage in its markets."