Renta acquires MP-Yhtymä
Renta Group Oy ("Renta Group" or "Renta") strengthens its position in Finland by acquiring the business of MP-Yhtymä Oy ("MP-Yhtymä" or "Company") in an asset deal comprising the operative assets of MP-Yhtymä.
MP-Yhtymä is a Finnish company focused on providing site condition management and heating, measurement and expert services. The Company is also active in the machinery rental business. MP-Yhtymä operates in the Tampere area and the capital region, has 3 offices, more than 15 employees and annual revenues of approximately EUR 3 million.
The transaction will further strengthen Renta’s position in the important market areas of Tampere and the capital region and will extend Renta’s service offering in measurement and expert services.
MP-Yhtymä has a reputation for providing high quality services and complements well Renta’s offering in Finland. The Company is an excellent fit for Renta due to its entrepreneurial and customer-oriented business model. In the future, the business will also be supported by the cutting-edge digital solutions developed by Renta.
The acquisition was signed and completed on the 2nd of June.
Kari Aulasmaa, CEO of Renta Group:
“MP-Yhtymä has established a strong position in its area of operations and is known for its high-quality services. We are delighted to join forces with a profitable company that shares our ambition to provide excellent customer service and drive the industry forward. The acquisition will broaden our offering to customers, further strengthen our position in Tampere and the capital region and gives us a good platform to continue grow site condition management and expert services in Finland.”
Matti Puranen, Founder of MP-Yhtymä:
“I look forward to the future as part of Renta, which has shown a genuine interest in developing and growing our business. By joining forces with Renta, we will be able to further develop our services to our customers. We will have access to significantly greater resources, a wider range of products and Renta’s digital solutions. In particular, I am confident that Renta will provide a good home for our employees.”
About Renta Group
Renta Group is a Northern European full-service equipment rental company founded in 2015. Renta has operations in Finland, Sweden, Norway, Denmark, Poland, and the Baltics, with 137 depots and over 1,500 employees. Renta is a general rental company with a wide range of construction machines and equipment along with related services. In addition to operating a network of rental depots, Renta is a significant supplier of scaffolding and weather-protection services. For more information, please visit www.renta.com
MP-Yhtymä, founded in 2010, is a Finnish company specialising in providing site condition management, heating, measurement and expert services. The company is also active in machinery rental business. Operating mainly in Tampere and the capital region, the Company has 3 offices, more than 15 employees and an annual turnover of around EUR 3 million. For more information, please visit www.mp-yhtyma.fi
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