February 28, 2005
RAMIRENT ACQUIRES BUSINESS OPERATIONS OF POLISH RENTAL COMPANY
By an agreement signed on 25 February 2005, Ramirent Plcs Polish subsidiary, Ramirent S.A., has acquired the business operations of North Construction Sp.z.oo. North Construction specializes in the rental of scaffolding and personnel hoists for industry, and especially for shipbuilding. The net sales of the acquired business operations were approximately EUR 1.6 million in 2004.
The acquisition strengthens Ramirents position as an industrial equipment supplier in Poland. Ramirent S.A. already owns a construction scaffolding rental company known as Ramirent Scaffolding Sp.z.oo, which will now expand its business to industry.
Erkki Norvio, President and CEO
Tel. +358-400-410 977
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