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Cramo Oyj's Cramo AS Acquires Rental Business Operations of Kranpunkten AS and Peab AB's Lambertsson AS in Norway; Cramo Oyj and Peab AB Sign Long-Term Norwegian and Nordic Cooperation Agreement


Wednesday, 5 Dec 2012 04:00am EST 

Cramo Oyj (Cramo) announced that Cramo AS has agreed to acquire all assets in Lambertsson AS and Kranpunkten AS. The acquisition includes the rental fleet, existing customer contacts and the rental contract for the business premises in Lillestrom (Oslo). Closing is scheduled to first quarter in 2013. The combined annual sales of the acquired operations are NOK 130 million. Lambertsson AS has 30 employees and Kranpunkten AS has seven employees in Norway. All employees are offered permanent employment at Cramo AS. Lambertsson AS is an equipment rental business and has its focus primarily on site huts, tools and equipment for temporary electrical installations. Kranpunkten AS is a company in access equipment rental. Both companies have a substantial rental to Peab AB, but also rental to other companies in the Norwegian construction industry. Parallel to the acquisition Cramo and Peab AB, the present owner of Lambertsson AS, sign a long-term Norwegian and Nordic cooperation agreement. 

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