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Ramirent Plc has completed the acquisition of all shares in Stavdal AB for approximately EUR 86 million in cash and shares, plus consolidation of EUR 40 million in bank financing. The acquisition adds 280 rental professionals and customer centers in Sweden and Norway.
Ramirent Plc signed an agreement to acquire Stavdal AB, a general equipment rental company in Sweden and Norway, for an enterprise value of approximately EUR 158 million. The transaction is expected to close by the end of Q3 2019.