Renta Group acquires Gustafssons Uthyrning
26 September 2023
Renta Group is to acquire rental company Gustafssons Uthyrning, further adding to its coverage in Sweden. No purchase price has been disclosed.
A general renter, Gustafssons Uthyrning has three depots in Oskarshamn, Västervik and Vimmerby, employing 19 people and generating revenues of SEK 45 million (€3.8 million).
Renta said the purchase is “perfectly aligned” with its strategy to strengthen its position in the eastern part of Sweden and marks “another strategic step in building a nationwide network.”
Following the transaction, which is expected to close in October, Renta said it will have more than 60 depots across Sweden, while Gustafssons will benefit from Renta’s full product range and implementing its cutting edge digital solutions to enhance their services.
Kari Aulasmaa, CEO of Renta Group, said, “We are delighted to welcome the Gustafssons team into the Group and look forward to working with them.
“The acquisition of Gustafssons strengthens our position in eastern parts of the country and is a logical step towards our ambition to build a nationwide rental network in Sweden. We are very pleased to join forces with Gustafssons and look forward to the journey ahead. “
Tomas Gutekrans, CEO of Gustafsson, said the company is “excited about the possibility to join Renta”, adding that the acquisition will “ensure continued high-quality services for our customers, provide a good home for our employees and enable us to take on larger projects and challenges.”