Cramo AS expects to generate approximately NOK100m ($16.3m) in revenue in a deal that will cover the entire Nordic region.
Find Løkken, managing director of Cramo AS (left), with Trond Helge Skretting, managing director of Nordic Cranes Group AS
Cramo Group CEO, Vesa Koivula, said: “The Norwegian deal clearly supports our view of increasing activity in the Nordic construction sector. During the summer we have closed five major deals in Finland, Sweden and Norway. Three of them are outsourcing agreements—a new trend showing that not only the very largest, but also the mid-sized construction companies are interested in outsourcing their equipment handling.”
Trond Helge Skretting, CEO, Nordic Crane Group, said: “We have great expectations for the agreement. Cramo will, with their customer portfolio and network, give Nordic Crane Group the opportunity to increase its expansion in the Nordic Region.”
Cramo is a machinery, equipment and mobile facility rental organisation with a large proportion of customers operating in the construction industry.
Nordic Crane Group AS was established as a joint holding company in 2008 by Kynningsrud Kran and Strangeland Kran and the organisation currently has over 400 employees.
