Renta completes the acquisition of Mylift

Renta Group Oy (“Renta Group” or “Renta”) is pleased to announce the completion of the acquisition of Mylift Holding AS (“Mylift” or “the Company”). Mylift is a Norwegian general rental company operating in the northern part of Oslo and in Innlandet. The Company has eight depots, more than 200 employees and annual revenues of more than NOK 360 million.

The acquisition extends Renta’s geographical presence in Norway, expanding the depot network to 33 depots. Furthermore, the acquisition of Mylift strengthens Renta’s product and service offering, particularly in the site modules product category as well as in scaffolding services.

Mylift’s customer-centric business model and highly complementary geographic presence makes it an excellent fit for Renta. Together with Mylift, we will continue to serve Mylift’s customers with the same high-quality services as before while further expanding the product offering and implementing digital solutions.

Kari Aulasmaa, CEO of Renta Group, said: 

“We are thrilled to join forces with Mylift, a profitable and rapidly growing company with a reputation of providing high-quality services. Mylift’s complementary presence and offering provides us an excellent platform for continued growth in Norway. We would like to extend a warm welcome to the Mylift team and look forward to working with them. “

 

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 supplier of scaffolding and weather-protection services. For more information, please visit www.renta.com

 

About Mylift

Mylift Holding AS is a Norwegian general rental company founded in 2010.Through subsidiary Mylift & Borud Stillas AS, Mylift also provides scaffolding services. The company has eight depots and more than 200 employees. For more information, visit https://mylift.no/

 

Enquiries: ir@renta.com

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