More from Boels
Log in Register

Boels and Cramo have on November 11, 2019 entered into a combination agreement pursuant to which Boels will make a voluntary recommended public cash tender offer to purchase all of the issued and outstanding shares in Cramo that are not owned by Cramo or any of its subsidiaries. The Board of Directors of Cramo has unanimously decided to recommend that the shareholders of Cramo accept the Tender Offer.

The combination of Boels and Cramo would create a leading player in the European equipment rental market with one of the largest depot networks in Europe. The combined company will have a business in 17 countries, and a top-3 position in 12 of those. It will be well diversified in terms of customers, business and geographies. Together Boels and Cramo would have the opportunity to integrate operations in Central Europe and capitalize on mutual best practices in terms of fleet range, logistics and customer service levels. The combined group would be in a position to further strengthen its prospects within the highly fragmented European market. Cramo would become the Nordic platform for the enlarged group, and Boels envisages to continue its growth and strengthen its positions and to further develop its footprint in the region, while capitalizing on the benefits and extended financial and operational leverage of an enlarged group.

On this page you can find related public and legal documentation.

Want to always be up-to-date? Sign up for our newsletter