# Fortrent to close Ukrainian operations in 2019

Cramo and Ramirent announced that their joint venture Fortrent will close its Ukrainian operations during 2019, with restructuring costs of approximately EUR 0.5 million. The Russian operations will continue.

- Type: Closure
- Announced: 2018-12-20
- Where: Ukraine
- Value: $570K (500K EUR)
- Status: announced
- Products: construction machinery and equipment rental services

## Companies

- [Fortrent](https://endata.com/companies/36310.md)
- [Ramirent](https://endata.com/companies/36271.md) (partner)
- [Cramo](https://endata.com/companies/36309.md) (partner)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/12/20/1670001/0/en/cramo-and-ramirent-continue-their-joint-venture-fortrent-in-russia.html), 2018-12-20: "Fortrent's Ukrainian operations will be closed during 2019."

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