Renta Group Oy (“Renta Group” or “Renta”) is strengthening its position in Sweden through the acquisition of Hederén Maskinuthyrning AB (“Hyrpoolen” or “the Company”). Hyrpoolen is a Swedish general rental company with two depots located in the Stockholm area. The Company has more than 30 employees and annual revenues of approximately SEK 70 million.
The acquisition expands Renta’s presence in the southern and eastern parts of Stockholm and is perfectly aligned with Renta’s strategy to strengthen its position in the capital region. The transaction marks another strategic step in building a nationwide network and following the transaction Renta will have 54 depots across Sweden.
Hyrpoolen’s profitable operations and local business model makes it an excellent fit for Renta. Hyrpoolen will continue to serve its customers with the same local approach and high-quality services as before and further benefit from implementing Renta’s cutting edge digital solutions to complement their services. The experienced management team and strong local market standing will provide a good foundation for continued growth in the region.
The acquisition was signed and completed on the 5th of April.
Kari Aulasmaa, CEO of Renta Group, said:
“Hyrpoolen fits our strategic agenda very well given the profitable operations and local business model. The Company has a strong presence in attractive parts of Stockholm and has a reputation of providing high-quality services appreciated by its customers. We are very pleased to join forces with Hyrpoolen and look forward to the journey ahead.”
Per Gustavsson, CEO of Hyrpoolen, said:
“We have been looking for a partner for some time to support us in further developing our operations and we are happy to say that Renta is an excellent match for us. Renta shares our values and partnering with them will provide us access to a broader range of equipment and to Renta’s top-notch digital solutions. Hyrpoolen has a solid customer base, a strong reputation and a deep knowledge of the local market in southern Stockholm. I am convinced that together with Renta we will become even stronger and the preferred partner for customers in our region.”
Enquiries: ir@renta.com
