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inderesTV: Ramirent to acquire Stavdal AB and become the leading company in Swedish equipment rental market
By Inderes
Ramirent Plc has signed an agreement to acquire Stavdal AB, a general equipment rental company operating in 11 cities in Sweden and in Oslo area in Norway. The enterprise value of the transaction is approximately EUR 158 million. The debt-free purchase price will be settled with a cash consideration of EUR 124 million and a conveyance of 5,848,341 Ramirent shares to the current owners of Stavdal. The transaction is subject to customary closing conditions and an approval from competition authorities. The closing is expected to take place at the latest by the end of Q3 2019.