Renta Group buys Norwegian renter

By Lewis Tyler29 March 2023

Renta Group logo Photo: Renta Group

Renta Group has reached an agreement to purchase Norwegian rental company Høyde-Service Utleie AS, with the acquisition expected to be completed during April.

Founded in 2010, Høyde-Service operates in the construction, industrial and service sectors and has depots in Oslo, Sandefjord, Porsgrunn and Arendal in the south-east of Norway. The company generates annual revenues of approximately NOK 90 million (€7.9 million). 

According to Renta Group CEO Kari Aulasmaa, the purchase is the next step in the company’s strategy to become a “fully nationwide player in Norway and is a good platform for further development and growth in the south of Norway.”

Aulasmaa said, “We are delighted to welcome the Høyde-Service team into the Group and look forward to working with them. Høyde-Service is an excellent strategic and cultural fit for us, with a complimentary geographic presence and a local focus to the business.

Steinar Kaalstad, CEO of Høyde-Service Utleie AS, said, “We are very pleased that Høyde-Service joins forces with Renta, a company that shares our values and has ambitious future plans.

“Being part of Renta will ensure continued high-quality services for our customers and provide a good home for our employees. I am convinced that together with Renta, Høyde-Service will become even stronger in our region.”

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
Kubota unveils 8.5 tonne mini excavator
OEM also extends electric loader range
Hitachi to showcase zero-emission excavator at IRE
Eight tonne model makes IRE debut
Trime to focus on sustainability at IRE
Energy-saving equipment on show
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