Renta acquires in Denmark

Photo: Renta Group

Renta Group has acquired Jelle-Bo, a Denmark-based general renter. No financial details of the deal have been revealed.

Based in Svendborg, the company has nine employees and generates revenues of €2.6 million.

Renta described Jelle-Bo ApS as an “excellent addition” to its Danish footprint said the acquisition grows its network of rental depots in Denmark and further strengthens its presence on the island of Fyn.

Renta added that the purchase of Jelle-Bo “creates a solid foundation for continued growth in the region.”

Kari Aulasmaa, CEO of Renta Group, said, “We are pleased to join forces with Jelle-Bo, a highly profitable company with a strong position in the local market. The acquisition complements our geographic coverage and is a natural continuation of our strategy of building a nationwide rental network in our core markets. We warmly welcome the skilled professionals of Jelle-Bo to join Renta.”

Hans Ove Jelle, CEO and founder of Jelle-Bo, said the company is excited to join Renta; “As part of Renta, our ambition is to continue to provide our customers with excellent customer service. Renta is a good partner for us to continue developing sustainability and digital solutions in our operations. We look forward to working with Renta’s team.”

Lars Raagaard, managing director of Renta, said Jelle-Bo is a “well run company” that strengthens our position on the market.”