February 8, 2005
RAKENTAJAIN KONEVUOKRAAMO OYJ GROUP HAS SIGNED AN AGREEMENT CONCERNING THE PURCHASE OF THE SHARES OF A POLISH COMPANY SÄVE SP.ZO.O
Rakentajain Konevuokraamo Oyj Group and the owners of a Polish private limited company SÄVE Sp.zo.o have signed an agreement concerning the transfer of all the shares of the company. The Group purchases all the shares of SÄVE Sp.zo.o from its two owners, who are private persons. SÄVE Sp.zo.o continues in the group as an independent subsidiary.
SÄVE Sp.zo.o began its activities in the year 1994. The company is domiciled in Krakow, Poland. The company is a leading company in access machine hire business in Poland. The turnover of the company in the year 2004 was approximately MEUR 1. The company has 12 employees, who shall continue to work for the company. One of the sellers of the company shall continue as the managing director of the company.
By this acquisition Rakentajain Konevuokraamo Oyj enters into a new market area and will strengthen its profitable growth. The parties to the acquisition have decided not to publish the purchase price.
Rakentajain Konevuokraamo Oyj shall perform a financial and legal due diligence in the target company. The closing is intended to take place on 7.3.2005 at the latest.
President and CEO
Tel.: +358 9 89481, +358 40 5105710,
Fax: +358 9 8948287
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