# Boels confirms acquisition of Cramo

Boels announced it now holds over 93% of shares in Finnish rental group Cramo and is proceeding with the full takeover and delisting, valuing Cramo at approximately €615 million plus debt.

- Type: Acquisition
- Announced: 2020-02-05
- Where: Finland
- Value: $677.0M (615.0M EUR)
- Status: completed
- Products: equipment rental services
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Cramo](https://endata.com/companies/36309.md) (target)
- [Boels](https://endata.com/companies/45033.md) (acquirer)

## Sources

- [vertikal.net](https://vertikal.net/en/news/story/34708/boels-confirms-cramo-acquisition), 2020-02-05: "This acquisition makes Boels a leading player in the European equipment rental market."

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