# Ramirent acquires SRV Kalusto Oy and signs cooperation deal with SRV Group

Ramirent Finland Ltd has acquired SRV Kalusto Oy for EUR 21 million and entered a long-term cooperation agreement with SRV Group Plc. SRV Kalusto, an equipment rental company, has 33 employees and net sales of EUR 8 million in 2017.

- Type: Acquisition
- Announced: 2018-12-19
- Where: Finland
- Value: $24.0M (21.0M EUR)
- Jobs: 33
- Status: completed
- Products: equipment rental services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ramirent](https://endata.com/companies/36271.md) (acquirer)
- [SRV Kalusto Oy](https://endata.com/companies/36272.md) (target)
- [SRV Group Plc](https://endata.com/companies/36273.md) (partner)

## Sources

- [ramirent.com](https://www.ramirent.com/stock-exchange-releases/ramirent-acquires-srv-kalusto-oy-and-enters-into-a-cooperation-agreement-with-srv-group-plc-in-finland/), 2018-12-19: "In line with our strategy, Ramirent is seeking for profitable growth in our core equipment rental business."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.