Ramirent - Company Announcement

RAMIRENT ACQUIRES MODULE RENTAL SPECIALIST IN NORWAY

Company announcement
27 June 2011

Ramirent has signed an agreement to acquire Rogaland Planbygg AS, the leading
provider of rental accommodation and office modules to the oil and gas industry
in Norway. The acquisition, which will increase the annual net sales of
Ramirent Norway by approximately EUR 22 million, supports Ramirent's strategy
of diversifying its customer base and strengthening its product offering - now
with high-class modules. 

Founded in 1997, Rogaland Planbygg AS brings valuable expertise in the
high-class module market and strong relationships in the growing oil and gas
industry in Norway. Headquartered in Stavanger, Rogaland Planbygg serves
customers across Norway. 

”The acquisition will strengthen our presence in the industry segment in
Norway, which is one of our strategic priorities in the coming years.  Rogaland
Planbygg's broad relationships in the oil & gas industry will help us offer
also our other product groups this important industrial sector in Norway. I'm
excited about the new opportunities the acquisition creates, and look forward
to expanding our business together with our excellent Rogaland Planbygg team,”
said Bjørn E.L. Larsen, SVP, Ramirent Norway. 

“We were looking for an owner that could help us take the next step in our
growth. Ramirent's experience and expertise in the rental business, together
with its strong organization, will help us to do that. We look forward to
becoming a part of the Ramirent Group and to contributing to the company's
future success,” said Egil Messmer, CEO and co-owner, Rogaland Planbygg AS. 

“This acquisition is an important milestone in our strategy of diversifying our
customer base and expanding our product offering. High-class modules partly
represent a new business area for Ramirent. Since the rental agreements for
modules are typically longer than those in our other product groups, the
acquisition also supports our goal of extending our average rental periods. I
warmly welcome Rogaland Planbygg into the Ramirent family,” said Magnus Rosén,
President and CEO, Ramirent Plc. 

Ramirent's Norwegian subsidiary, Ramirent AS, is the leading construction
machinery rental company in Norway with annual net sales of EUR 114 million in
2010 and a total of 45 outlets throughout the country. 



For further information
Mr. Bjørn E.L. Larsen, SVP, Ramirent Norway, Phone: +47 40 72 57 07,
Mr. Magnus Rosén, President and CEO, Ramirent Plc, phone +358 20 750 2845



Ramirent is a leading equipment rental group delivering Dynamic Rental
Solutions™ that simplify business. We serve a broad range of customers,
including construction and process industries, shipyards, the public sector and
households. In 2010, Group net sales totalled EUR 531 million. The Group has
some 3,000 employees at some 382 permanent outlets in thirteen countries.
Ramirent is listed on the NASDAQ OMX Helsinki Ltd. 



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www.ramirent.com