Renta expands to Norway

The Company is owned by a Norwegian private equity company Atlantis Vest together with key personnel. After the aqusition the pro forma Net Sales of Renta Group in 2018 are estimated to be approximately 140 MEUR.

Flexleie was established in 2002 and it operates in the Norwegian west coast, north of Norway and Oslo region. The company has recently started its´ operation also in Sweden. The company is headquartered in Bergen and operates a network of 6 depots with a strong local presence. Net Sales of the Group is 120 MNOK. Flexleie provides rental services to wide range of clients in construction and industrial sectors and it is specialized on infrastructure projects.

“Acquisition of Flexleie is the first step for Renta in its´expansion to Norway and ensures an entry to this improtant machine and equipment rental market in the targeted Baltic Sea region. Flexleie is an excellent company and our ambition together is to expand into a nationwide operator in Norway.”, said Kari Aulasmaa, the CEO of Renta Group.

After the transaction, Flexleie will continue to operate as an indicidual business comapny within the Renta Group. The CEO of Flexleie, Kato Stien, and key persons will continue in their current positions and become minority owners in Renta Group Oy.

Stratema advised Renta Yhtiöt Oy.