mynth
06/2019

RAMIRENT acquired by LOXAM

FINLAND Industrial Services / Equipment Rental EV 1b - 4b EUR

Context

Loxam launched a friendly cash tender offer to acquire 100% of Ramirent. This acquisition was a strategic masterpiece for Loxam, balancing its geographical exposure (heavily French-centric at the time) by adding dominant positions in Finland, Sweden, Norway, Poland, and the Baltic states. The combined entity became the leading rental player in Europe with revenues exceeding EUR2.3 billion.

As a reminder, the company had previously led a consolidation strategy by acquiring Srv Kalusto (2018) and Stavdal (2019).

RAMIRENT, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Ramirent is a leading equipment rental group serving the construction, industrial, and public service sectors across the Nordic region and Eastern Europe. Headquartered in Finland, the company operates an extensive branch network across Finland, Sweden, Norway, Estonia, Latvia, and Lithuania. Its comprehensive business model covers everything from heavy machinery, scaffolding, and temporary site modules to specialized technical consulting, logistics, and on-site safety training.

Ent. Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2018
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Other operations with RAMIRENT

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
04/2019RAMIRENTSTAVDALSWEDENIndustrial Services

Ramirent acquired Stavdal to create the market leader in Sweden. this deal was finalized just as Loxam was launching its tender offer for Ramirent, meaning Stavdal was immediately integrated into the Loxam group.

12/2018RAMIRENTSRV KALUSTOFINLANDIndustrial Services

Ramirent acquired the entire share capital of SRV Kalusto and simultaneously signed a long-term cooperation agreement to become the preferred equipment provider for SRV Group's construction sites. This allowed SRV to monetize its fleet and focus on construction, while Ramirent secured a major recurring revenue stream.

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 150M - 250M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of RAMIRENT by LOXAM are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: ramirent

Acquirer: loxam