Renta completes the acquisition of Jelle-Bo
Renta Group Oy (“Renta Group” or “Renta”) is pleased to announce the completion of the acquisition of Jelle-Bo ApS (“Jelle-Bo” or “the Company”). Jelle-Bo is a Danish general rental company with one depot located in Svendborg on the island of Fyn. The Company has 9 employees and annual revenues of approximately DKK 20 million.
With the acquisition Renta grows its network of rental depots in Denmark and further strengthens its presence on Fyn. Jelle-Bo is an excellent addition to Renta’s Danish operations with its strong profitability and skilled staff. The strong local market position and experienced management team of Jelle-Bo creates a solid foundation for continued growth in the region.
Kari Aulasmaa, CEO of Renta Group, said:
“We are pleased to join forces with Jelle-Bo, a highly profitable company with a strong position in the local market. The acquisition complements our geographic coverage and is a natural continuation of our strategy of building a nationwide rental network in our core markets. We warmly welcome the skilled professionals of Jelle-Bo to join Renta.”
About Renta Group
Renta Group is a Northern European full-service equipment rental company founded in 2015. The Company has operations in Denmark, Sweden, Norway, Denmark, Poland, and the Baltics, with 175 depots and more than 2,000 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, visit www.renta.com
About Jelle-Bo
Jelle-Bo is a general rental company founded in 2003. The Company has one depot and is headquartered in Svendborg on the island of Fyn. Jelle-Bo has 9 employees and annual revenues of approximately DKK 20 million. For more information, visit www.jellebo.dk/
Enquiries: ir@renta.com
Legal Disclaimer
This press release includes forward-looking statements within the meaning of the securities laws of certain applicable jurisdictions. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this press release, including, without limitation, those regarding Renta or any of its affiliates’ future financial position and results of operations, their strategy, plans, objectives, goals and targets, future developments in the markets in which they participate or are seeking to participate or anticipated regulatory changes in the markets in which they operate or intend to operate. In some cases, these forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “may,” “plan,” “potential,” “predict,” “projected,” “should,” or “will” or the negative of such terms or other comparable terminology.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and are based on numerous assumptions and that Renta or any of its affiliates’ actual results of operations, financial condition and liquidity, and the development of the industries in which they operate, may differ materially from (and be more negative than) those made in, or suggested by, the forward-looking statements contained in this press release. In addition, even if Renta’s or any of its affiliates’ results of operations, financial condition and liquidity, and the development of the industries in which they operate, are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.