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Published: 2007-11-14 15:32:51 CET
Cramo Oyj
Investor News
CRAMO ACQUIRES TWO ACCESS RENTAL COMPANIES IN CENTRAL SWEDEN
CRAMO ACQUIRES TWO ACCESS RENTAL COMPANIES IN CENTRAL SWEDEN                   


Cramo Sverige AB, the Swedish wholly-owned subsidiary of Cramo Plc, has
acquired
the entire share capital of two rental companies, Kumla Lift AB and
Hyrcenter i 
Skövde AB, with estimated combined sales in 2007 totalling EUR
3.15 million (SEK
30 million) and eleven employees.                           
                   

Kumla Lift and Hyrcenter i Skövde both specialize in
access equipment rental.   
The rental fleet contains a wide range of
approximately 360 modern,             
well-maintained aerials of well-known
brands. Operations are based in Kumla and 
Skövde, Sweden, and have a staff of
six and five people respectively. All       
personnel are offered continued
employment once the operations are merged into  
the Cramo organization.      
                                                  

"The regional acquisition
is of strategic importance in the region, where it    
will give us a market
leadership position in access rental - a position we      
already hold in
Sweden overall," says Magnus Rosén, Senior Vice President of    
Scandinavia
at Cramo. "It's a well-run operation with excellent customer       

relations, and a strong management that will stay on for the foreseeable     
  
future."                                                                   
    

"In the relatively mature Nordic rental market, our strategy is to grow
through 
a balanced combination of organic growth coupled with small or
mid-sized        
acquisitions. Obviously, acquisitions are particularly
interesting in regions   
where we need to strengthen our position in terms of
geographic presence or a   
specific product group. This acquisition is a good
example of the latter, and a 
direct response to the customer needs in the
area," continues Magnus Rosén.     

CRAMO PLC                               
                                       

Vesa Koivula                        
                                           
President and CEO                 
                                             

Further information           
                                                 
Magnus Rosén, Managing
Director, Cramo Sweden and Senior Vice President,        
Scandinavia, tel.
+46 8 623 5400                                               



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OMX Nordic Exchange Helsinki                                           
        
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www.cramo.com                                                      
            


Cramo Plc is a service company specialising in construction
machinery and       
equipment rental and rental-related services, as well as
rental and sale of     
modular space. As one of the industry's leading
service providers in the Nordic 
countries and Central and Eastern Europe,
Cramo operates in ten countries with  
260 outlets. With a group staff of
approximately 2,000, Cramo's consolidated    
sales for 2006 totalled EUR 402
million. Cramo is listed on the OMX Nordic      
Exchange Helsinki Oy. For
further information, please visit www.cramo.com.