Ramirent Finalizes Divestment of Hungarian Operations

Sept. 20, 2013

The recently reported divestment of Ramirent’s Hungarian operations has been finalized, the company said. Ramirent sold its Hungary operations to Danube SCA Sicar, a private equity fund. The transaction includes the entire Hungary operation with forecasted net sales for 2013 of €7 million (about U.S. $9.5 million).

The divestment strengthens Ramirent’s strategic focus on the company’s core markets in the Baltic Sea region.

Ramirent, based in Vantaa, near Helsinki, Finland, has 325 locations in 10 Nordic, Central and Eastern European countries. Its net sales in 2012 totaled €714 million (about U.S. $965 million).