Ramirent is one of the leading rental equipment providers in the Nordics and Eastern Europe with revenue of EUR 712m and EBITDA of EUR 203m in 2018. Ramirent has 2,900 employees and a network of 294 branches

Ramirent was listed on Helsinki Stock Exchange and thus, the acquisition was structured as a public tender offer. Loxam offered Ramirent’s shareholders a cash consideration of EUR 9 per share, valuing Ramirent’s equity at approximately EUR 970m

Loxam is the largest European provider of rental equipment for the construction industry, public works, service and event sectors with revenue of EUR 1,483m and EBITDA of EUR 501m in 2018. Loxam has 8,000 employees and a network of 766 branches across 13 countries

The strategic combination of Loxam and Ramirent created the pan-European leader and third largest equipment rental company in the world. Both companies will benefit from a larger scale and higher resilience on the back of a more diverse international exposure, making their respective businesses balanced for the benefit of their customers, employees and financial stakeholders

*Completed by the HCN Partners team when employed at Handelsbanken