Renta Group Oy (“Renta Group” or “Renta”) acquires Tornby Byggmaskiner Holding AB (“TBM” or “the Company”). TBM is a Swedish general rental company operating in the Östergötland region out of three depots. The Company has more than 20 employees and annual revenues of approximately SEK 80 million.

With the acquisition Renta further strengthens its position in Linköping and expands its depot network to Motala and Mjölby. TBM is an excellent addition to Renta’s Swedish operations with its strong profitability and skilled staff. As part of Renta, TBM will benefit from leveraging Renta’s full product range and from implementing Renta’s digital solutions. The strong local market position and experienced management team of TBM creates a solid foundation for continued growth in the region.

The acquisition has been completed.

Joacim Johansson, Managing Director at Renta Sweden, said: “We are very pleased to welcome TBM into Renta. This acquisition is an excellent fit geographically that further strengthens our position in the Östergötland region and marks another step towards our ambition to build a nationwide rental network in Sweden. With TBM’s strong local reputation and capabilities, we see great opportunities ahead. We look forward to working together with the talented team at TBM. “

Elias Andreasson of TBM, said: “We are excited to become part of Renta. By joining forces, we will be able to expand our offering and take on larger projects, while continuing to serve our customers with the same high-quality service as before. Our customers will further benefit from Renta’s digital solutions and broader product portfolio. I am confident that Renta will provide a good home to our employees, and that together we will be able to strengthen our position in the region. ”

Enquiries: ir@renta.com