Lemminkäinen Talo Oy Keski- ja Lounais-Suomi sells its Tampere and Turku equipment depots to Cramo


Cramo Finland Oy and Lemminkäinen Talo Oy Keski- ja Lounais-Suomi have signed a co-operation agreement whereby Lemminkäinen Talo Oy Keski- ja Lounais-Suomi has sold its equipment depots in Turku and Tampere to Cramo. The personnel of the depots will be transferred to the service of Cramo as existing employees. According to the agreement, Lemminkäinen Talo Oy Keski- ja Lounais-Suomi will, in future, rent the construction machines and equipment its needs in this area from Cramo. The agreement has been made for five years.

”This deal expands on the one we made earlier this year, when we purchased Lemminkäinen Talo Oy’s machine depots in the Joensuu and Kuopio areas and made a similar five-year co-operation agreement. Close collaboration with builders has helped us to develop our services and our stock of equipment to better meet the needs of our customers. This deal will also strengthen our market position regionally,” says the Managing Director of Cramo Finland Oy, Tatu Hauhio.

”This transaction and service agreement will ensure that we continue to have access to appropriate and effective construction equipment as well as comprehensive site services as and when we need them. The arrangement liberates capital for use in our core business and enables the development of our operations in partnership with Cramo for the benefit of our customers,” says the Managing Director of Lemminkäinen Talo Oy Keski- ja Lounais-Suomi, Markku Moisio.

Additional information:
Construction Industry Sales Director Mika Helenius
Cramo Finland Oy
Tel. +358 40 577 1767

Managing Director Markku Moisio
Lemminkäinen Talo Oy Keski- ja Lounais-Suomi
Tel. +358 400 624 874

Cramo Oyj is a service company specialising in equipment rental services, as well as rental and sales of modular space. Its equipment rental services comprise machinery and equipment rental as well as rental-related services. Cramo is one of the industry's leading service providers in the Nordic countries and central and eastern Europe. The company employs about 2,000 people and has 284 depots and offices in 11 countries. In 2009 Cramo’s net sales were almost EUR 450 million. Cramo’s share is quoted on NASDAQ OMX Helsinki Ltd. Additional information: www.cramo.com.

Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are Building Construction, Infrastructure Construction, Technical Building Services, and Building Products. Net sales in 2009 were approx. EUR 2.0 billion, of which international operations accounted for about one fifth. The Group employs about 8,600 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com