2018 – Renta expands to Sweden and Norway
In early 2018, Renta continued to expand both geographically and in terms of service range.
In January, Renta Group acquired the entire stock of Suomen Työmaapalvelut, strengthening its expertise as a comprehensive provider of site services. The transaction brought the company further know-how in site electrification, condition management, and temporary space planning and installation.
Renta had been preparing for internationalization since the previous autumn. In April 2018, the acquisition of Stål & Hyr Group AB’s entire stock was made public. The Swedish rental services company, founded in 1979, had 12 depots on the west coast of Sweden and in the north-west of Skåne. This network gave Renta a foothold and a platform for growth in Sweden, an important market in the Baltic Sea area.
In August 2018, Stål & Hyr signed an agreement on acquiring the entire share capital of Hyrcenter I Nerike AB, which operates in the central Swedish region. The acquisition increased the number of depots by six, expanding the network to cover the area between the big lakes of Central Sweden.
In November, Stål & Hyr acquired the entire share capital of Aros Hyremaskiner AB – expanding the network to the greater Stockholm area.
The goal was to grow into a major national equipment rental services provider in Sweden within the next two years.
In October 2018, Renta announced the acquisition of the entire share capital of Flexleie AS, a Norwegian equipment rental company. Both Flexleie AS and Stål & Hyr shared the corporate culture of Renta: based on trustworthy local professionals and strong customer orientation.
Flexleie AS has five rental depots on the west coast of Norway, Oslo, and Northern Norway and one depot in Stockholm, Sweden. The goal is to form a nationwide network also in Norway during the next few years.
2017 – Growth and Innovation
The depot network in Finland grew swiftly between 2016 and 2018. Significant steps in this part of the journey were the outsourcing of the SSR Group Oy (currently Pallas Construction Oy) equipment & machinery fleet to Renta and the associated long-term cooperation agreement.
The market situation in the construction sector was favourable and the timing of the expansion of operations was excellent. The growth in Finland clearly exceeded both plans and the growth of the market in Finland. Simultaneously, Renta was preparing for international expansion and the organization was being developed on all levels.
In June 2017, the first version of the Renta Easy rental and fleet management application was released. The application enables the customer to view the equipment divided by construction sites, to handle orders and returns as well as order maintenance and refuelling services.
- During the autumn of 2017 all brands were harmonized and Telinekymppi brand became Renta Telineet.
- Production capacity of site facilities doubled from the original – to further accelerate growth.
- Renta scaffolding services became available in the largest cities in Finland.
2016 – Founding the Platform in Finland
The business operations were initially based on the acquisition of three well-known Finnish companies:
- Kymppi-Yhtiöt Oy, founded in 2005, including the well-known subsidiaries such as Telinekymppi Oy, known for their scaffolding and weather protection services
- Site facilities business of Jasoca Oy, founded in 1993
- Kehä-Kone Oy, the machinery & equipment rental services company, founded in 2015