Fortrent has been divested

Equipment rental company Ramirent Ltd has completed the sale of its Russian operations, Fortrent OOO. The new owner is a private investor. The parties will not disclose the transaction price.

Completing the divestment means that Ramirent has now fully withdrawn from Russia.

Fortrent OOO was owned by Fortrent Oy, which is a joint venture of Ramirent and Cramo.  Fortrent OOO has been engaged in machine rental operations in Russia since 2013. The company has 18 locations, and its turnover in 2022 was approximately 2.2 billion roubles.

Further information: Erik Bengtsson, CEO of Ramirent Ltd