Renta completes the acquisition of L&E Maskin
Renta Group Oy (“Renta Group” or “Renta”) is pleased to announce the completion of the acquisition of Lars & Erik Maskin AB (“L&E Maskin” or “the Company”) on 23 June 2022, which strengthens Renta’s position in Sweden. L&E Maskin is one of the leading regional equipment rental companies in Northern Sweden with three depots, more than 30 employees and annual revenues of approximately SEK 100 million.
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The acquisition provides Renta with a new presence in the northern region of Sweden and takes its total number of depots across Sweden to 50. L&E Maskin operates in fast-growing mid-sized cities which have a strong base of recurring demand. In addition, the region is attracting a significant amount of long-term infrastructure and industrial investments. Together with Renta, the Company is ideally positioned to benefit from growth opportunities in the region.
Kari Aulasmaa, CEO of Renta Group, said:
”This acquisition strengthens our market position in Sweden as we continue to build a nationwide rental network. In particular, we are pleased to gain exposure to the attractive northern region and to join forces with a growing, profitable company that shares our value of providing excellent local customer service. We are very happy to welcome the talented people of L&E Maskin to Renta and look forward to working with them.”
About Renta Group
Renta Group is a Northern European full-service equipment rental company founded in 2015. The Company has operations in Finland, Sweden, Norway, Denmark and Poland, with 105 depots and more than 1,100 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 L&E Maskin
L&E Maskin is a machinery and equipment rental company based in Northern Sweden. The Company has more than 30 employees and three depots in Umeå, Lycksele and Sundsvall. L&E Maskin is a general rental company serving a broad customer base with a wide range of equipment and services.
Enquiries: ir@renta.com