Cramo Plc Investor News 1 March 2018 at 9.00 am (EET)
Cramo completes the acquisition of the German construction site logistics company KBS Infra GmbH
Cramo Group has, following the fulfilment of the conditions for closing, closed the acquisition of the German construction site logistics company KBS Infra GmbH and its subsidiaries.
The acquisition is fully in line with Cramo's Group strategy to strengthen its business position in the Central European market and to expand its business model by offering value-adding services. KBS Infra is a leading, high-quality construction site logistics company in Germany, with estimated sales of approximately 35 million euros in 2017.
Further information on the transaction has been disclosed as investor news on 16 January 2018.
CRAMO PLC
Leif Gustafsson
President and CEO
Further information:
Mr Aku Rumpunen, CFO, tel: +358 40 556 3546
Mr Mattias Rådström, SVP, Communications, Marketing and Investor Relations,mattias.radstrom@cramo.com, tel: +46 70 868 7045
Distribution:
Nasdaq Helsinki Ltd
Main media
www.cramogroup.com
Cramo is Europe's second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in about 300 depots in fourteen countries. With a group staff around 2,500, Cramo's consolidated sales in 2017 was EUR 729.5 million. Cramo shares are listed on Nasdaq Helsinki Ltd.
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