Finland's Ramirent gets a better hold of Poland

The Finnish machinery rental company Ramirent plc, or its Polish subsidiary Ramirent S.A., has bought the entire renting operations of Poland's Alimak Hek Polska.

Ramirent did not let out the value of the acquisition on Thurday. In 2005, Alimak's turnover was estimated at nearly one million euros.

The fifty-year-old Ramirent changed its name four years ago from A-Rakennusmies. Ramirent has 2,500 people on its payroll in 11 countries and had sales of 316 million euros last year.

"Through the acquisition, Ramirent S.A. expands its product range and increases its share in renting of mast climbing equipment in Poland. The acquisition gives Ramirent immediate access to interesting and long-term projects in Poland," Ramirent President and Chief Executive Erkki Nuorvio said in a stock exchange statement.

(Source: STT)

(Cheap flights to Poland - Tanie loty do Polski)