Renta to acquire Polish scaffolding firm
16 January 2024
Renta Group is to acquire Poland-based Scaffolding Group. No financial details of the deal have been disclosed.
Founded in 2015, Scaffolding Group is predominantly based in the southern region of Katowice where it serves industrial customers, but also works internationally on a project basis.
It employs 20 members of staff and generates annual revenues of €3.5 million.
The deal marks the first entry into the Polish industrial scaffolding market for Renta Group, which said the acquisition strengthens its position in the industrial customer end-market.
The company added that it plans to “continue to scale the operations geographically and to further expand the customer base” of Scaffolding Group.
Kari Aulasmaa, CEO, Renta Group, said, “We are excited to welcome Scaffolding Group to be part of Renta. The acquisition complements our offering and provides us improved access to industrial customers. I’m convinced that we will be able to further expand Scaffolding Group’s business together with the experienced management team of the Company. We warmly welcome the professionals of Scaffolding Group to join Renta.”
Co-founder of Scaffolding Group Michał Dzieciaszek added, ““We are very happy to partner with Renta, a company sharing our ambition for continued development of the business.
“With the support of Renta, a larger company with a nationwide presence and advanced digital solutions, we will have a good foundation for continued growth and expansion of the business. We look forward to working with the Renta team in Poland and with Renta’s scaffolding professionals across the Renta Group.”
The deal is expected to close next month.