Ramirent to acquire Rogaland Planbygg

By Maria Hadlow27 June 2011

Ramirent CEO Magnus Rosén.

Ramirent CEO Magnus Rosén.

Ramirent has signed an agreement to acquire Rogaland Planbygg AS, a leading provider of rental accommodation and office modules to the oil and gas industry in Norway. The acquisition is expected to increase the annual net sales of Ramirent Norway by approximately €22 million, and is in line with Ramirent's strategy of diversifying its customer base and strengthening its product offering .

Founded in 1997 and headquartered in Stavanger, Rogaland Planbygg brings expertise in the module market and strong relationships in the growing oil and gas industry in Norway.

Bjørn Larsen senior vive president of Ramirent Norway said, "The acquisition will strengthen our presence in the industry segment in Norway, which is one of our strategic priorities in the coming years. Rogaland Planbygg's broad relationships in the oil and gas industry will help us offer our other product groups to this important industrial sector in Norway. I'm excited about the new opportunities the acquisition creates, and look forward to expanding our business together with the excellent Rogaland Planbygg team."

Egil Messmer, chief executive officer and and co-owner of Rogaland Planbygg said, "We were looking for an owner that could help us take the next step in our growth. Ramirent's experience and expertise in the rental business, together with its strong organization, will help us to do that. We look forward to becoming a part of the Ramirent Group and to contributing to the company's future success."

Magnus Rosén, president and CEO of Ramirent Plc welcomed the addition of a new business area "Since the rental agreements for modules are typically longer than those in our other product groups, the acquisition also supports our goal of extending our average rental periods. I warmly welcome Rogaland Planbygg into the Ramirent family."

Ramirent's Norwegian subsidiary, Ramirent AS, is a leading construction machinery rental company in Norway with annual net sales of €114 million in 2010 and a total of 45 outlets throughout the country.

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