Renta is expanding in Norway
The subsidiary Renta Norge AS will acquire 100% of the share capital of Byggesystemer Norge AS pursuant to an agreement signed on April 2, 2021. Until the acquisition is completed, both companies will continue to operate as separate entities. In connection with the agreement, the owners of Byggesystemer will make significant investments in Renta Group Oy. The acquisition is expected to triple Renta’s operations in Norway and increase the Group’s revenue.
Byggesystemer Norge AS is a rental company founded in 1975, with eight subsidiaries in northern Norway and a scaffolding company in the Oslo area. The company has approximately 160 employees and is owned by the two families who founded the company, as well as five minority shareholders who also work for the company. Byggesystemer is the market leader in northern Norway and one of the country’s leading scaffolding companies, with annual revenue of approximately 30 MEUR.
This acquisition is a step toward becoming a national player in Norway, fully in line with our strategy. At the same time, it will strengthen our expertise in general equipment rental and lay the groundwork for establishing a scaffolding division. Byggesystemer’s operations are based on strong local units and professional expertise, just like Renta’s. Our corporate cultures are a good match, and we have no overlapping business operations. Byggesystemer is a highly qualified company that is greatly appreciated by its customers, with a strong position in the equipment rental market in northern Norway. We look forward to joining forces,” says Kari Aulasmaa, CEO of Renta Group.
Following the acquisition, Bygesystemer will continue to operate as before, under its own management as part of the Renta Group. The company’s CEO, Arne Bratsberg, will remain in his current position, as will all other employees. The acquisition will not affect the company’s day-to-day operations or the status of its 160 employees.
Are you looking for more information about the acquisition?
Kari Aulasmaa
CEO, Renta Group Oy
+358 40 511 6445
kari.aulasmaa@renta.fi
Arne Bratsberg
CEO, Byggesystemer Norge AS
+47 91833600
arne.bratsberg@bysy.no
