Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
    • Transcripts
    • AGM Invitations
    • IPOs
  • inderesTV
  • Portfolio
  • Forum
  • Discovery
  • Premium
  • Femme
  • Nora AI
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Cramo’s acquisition of Nordic Modular Group approved by the Swedish Competition Authority

Cramo Plc      Stock Exchange Release      5 October 2018 at 9.30 am (EET)

Cramo’s acquisition of Nordic Modular Group approved by the Swedish Competition Authority

The Swedish Competition Authority has on 4 October 2018 approved Cramo’s acquisition of the Swedish-based Nordic Modular Group Holding AB (“Nordic Modular Group”), which entails that the transaction can be completed.

As announced on 26 June 2018, Cramo has signed an agreement to acquire Nordic Modular Group from Strukturfonden HC11 AB, a subsidiary of Nalka Invest AB, and certain minority shareholders. The transaction was subject to merger control clearance from the Swedish Competition Authority. Cramo expects the transaction to close at the end of October 2018.

The acquisition of Nordic Modular Group is fully in line with Cramo’s Shape and Share strategy. It will strengthen Cramo’s Modular Space business (Cramo Adapteo) on the overall Nordic modular space market by bringing inhouse development and production capabilities and therefore supports Cramo’s ambitions to grow profitably and increases latitude in exploring strategic alternatives for the Modular Space business. In addition, the transaction expands company’s business model and enables the development of new products and customer solutions.

Further information on the transaction has been disclosed in stock exchange releases published on 26 June 2018.

CRAMO PLC

Leif Gustafsson
President and CEO

Further information:  

Leif Gustafsson, President and CEO, tel: +46 70 691 2550, leif.gustafsson@cramo.com
Aku Rumpunen, CFO, tel: +358 40 556 3546, aku.rumpunen@cramo.com
Mattias Rådström, SVP Marketing, Communications and Investor Relations, tel: +46 70 868 70 45, mattias.radstrom@cramo.com

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.

Cramo Adapteo is the sub-brand for Cramo’s modular space operations. 


For more information, please visit:

www.cramogroup.com
www.cramoadapteo.com
www.twitter.com/cramogroup
www.nordicmodular.com

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.