Cramo Latvia had a strong year in 2024, growing to more than 2,000 units in its fleet, the company said.
“2024 was a year of positive momentum for Cramo Latvia,” said managing director Dmitrijs Sazonovs. “Our turnover reached €4.8 million, which is a 39-percent increase compared to 2023. This significantly outpaced general market growth, indicating a gain in market share. Key growth factors included the flexibility of our services, efficient logistics, and investment in equipment modernization. We are also seeing growing client demand for equipment with lower CO2 emissions and improved efficiency.”
Cramo Latvia expanded its equipment fleet including battery electric platforms, hybrid engine forklifts and a variety of zero-emission machinery.
“Our customers especially value fast delivery, reliable equipment and expert support,” said Sazonovs. “We’ve also improved service quality and are planning to expand with new rental depots to serve regional clients more efficiently. At present, we operate three rental depots in Riga.”
Cramo is part of Boels Rental, one of Europe’s leading equipment rental companies. In 2024, the Boels-Cramo Group introduced a unified environmental, social and governance standards system, which is now gradually being implemented in Latvia.
“The Latvian team is considered one of the most innovative units in the region, and we will continue to lead in the development of technology and services,” added Sazonovs.
