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
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/
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