PowertrainCN2 & GVCN2_BANNER_680x180
680_180
AMEMEA1_BANNER_680x180
Manufacturing-journal
EMS-18_Animation_Journal-25
Stainless Band_Manufacturing Journal MPU_v1
SmartManufacturingLogo
Previous Next

RAMIRENT COMPLETES THE DIVESTMENT OF HUNGARIAN OPERATIONS

The divestment of Ramirent’s Hungarian operations, announced on 8 August 2013, has now been closed. Ramirent sold its operations in Hungary to the Danube SCA Sicar, a private equity fund.

The transaction includes entire Hungarian operation with forecasted Net sales for 2013 of EUR 7 million. As stated in the previous announcement, the transaction will result in a non-recurring cost due to foreign exchange translation differences of approximately EUR 2 million, which will be recognised in other operating expenses in the third quarter 2013.

The divestment strengthens Ramirent’s strategic focus on company’s core markets in the Baltic Sea region.

seattle property management