# Avesco Rent Group acquires Finnish rental company Vatupassi

Avesco Group signed an agreement to buy Finnish construction equipment rental company Vatupassi Törmälä Oy. The acquisition expands Avesco's rental operations in Finland, adding 5 locations and 70 employees. Closing is expected by end of February or early March 2024.

- Type: Acquisition
- Announced: 2024-01-08
- Where: Joensuu, Jyväskylä, Kuopio, Nurmes, Oulu, Finland
- Jobs: 70
- Status: announced
- Products: construction site equipment rental
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Vatupassi Törmälä Oy](https://endata.com/companies/74825.md) (target)
- [Avesco Rent Group](https://endata.com/companies/74826.md) (acquirer)

## Sources

- [avescorent.ch](https://www.avescorent.ch/en/avesco-rent-group-acquires-vatupassi/), 2024-01-08: "The Vatupassi brand is incomparable in Finland, and the merger of two strong operators is a huge competitive edge for both."

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