RAG-Stiftung acquires temporary space provider Röder

By Helen Wright25 November 2014

Investment company RAG-Stiftung has acquired Germany-headquartered temporary space provider Röder, which rents and sells marquees and big tents, for an undisclosed amount.

With 2013 revenues of over €80 million, Röder targets a range of industries including sporting events, corporates, exhibitions and industrial warehousing. The group has 500 employees and operates across the globe, with a presence in markets including China, Russia and Turkey.

Investment bank Canaccord Genuity advised private equity firm Zurmont Madison on its sale of Röder – a transaction which is expected to complete by the end of January 2015.

Röder said that while the service sector, for example the event and exhibition industry, had long been an important pillar of the company, it also saw prospects for growth in the infrastructure and environmental protection industries.

Röder CEO Rüdiger Blasius said, "In light of our ambitious growth targets, we are pleased to have a long term committed partner such as RAG-Stiftung at our side."

The company added that its current management structure would continue to lead the company.



MAGAZINE
NEWSLETTER
Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
CNH to acquire Hemisphere GNSS from China’s UniStrong
Move brings core satellite navigation technology in-house 
Who is shortlisted for the 2023 European Rental Awards?
Winners will be announced at dinner in Maastricht on 7 June
Global construction equipment sales for 2022 revealed
Off-Highway Research reveals sales of global construction equipment in 2022 and looks ahead to potential sales in 2023 
CONNECT WITH THE TEAM
Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
Belinda Smart
Belinda Smart Editor Tel: 44 (0)1892 786209 E-mail: belinda.smart@khl.com
CONNECT WITH SOCIAL MEDIA