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RAMIRENT AND ZEPPELIN RENTAL ANNOUNCE CLOSING OF JOINT VENTURE TO SERVE THE FEHMARNBELT TUNNEL PROJECT

Ramirent and Zeppelin Rental are pleased to announce the successful closing of the formation of their joint venture Fehmarnbelt Solution Services A/S announced 17 July 2014. With the transaction, two of Europe’s leading rental and construction site solution providers combine their resources and expertise to serve the cross-border Fehmarnbelt tunnel construction project due to start summer 2015.

“We are pleased to have received the approval from the competition authorities for the joint venture together with Zeppelin Rental. Our joint venture is well-positioned to be selected as rental supplier for the project and is ready to commence activities to offer our services to the different companies working on the tunnel construction project”, says Magnus Rosén, President and CEO, Ramirent Group.

The Fehmarnbelt tunnel construction project, with a construction volume of 6.2 billion Euros, is estimated to start in summer 2015 and to be completed in 2021. Typically the potential equipment rental volume shared among the rental companies servicing the project amounts to 1-3% of the total construction volume.

“We appreciate to be partners with Ramirent in this project and are looking forward to a successful relationship”, adds Wolfgang Hahnenberg, Chairman, Zeppelin Rental. “Together we offer customized one-stop-solutions for all construction phases, from site installation to inspection and approval. We support the involved companies with long-time experience in managing large-scale projects and provide the framework for safely and efficiently operating the construction site.”  

Fehmarnbelt Solution Services will offer a 24/7 service on site with rental depots on the Danish and German side. The broad range of services offered comprise modular space, equipment rental services, maintenance and repair, logistic and safety management and consulting, temporary infrastructure, energy and climate solutions, facility management services, access control, waste management as well as training. More information about Fehmarnbelt Solutions Services is available at www.fehmarnbelt-solution-services.com.

The Fehmarnbelt Fixed Link will be the world’s longest immersed tunnel. It will comprise a four-lane motorway and a double-track electrified railway running on an approximately 18 km section between the Danish and German coast.

Ramirent is More Than Machines™. We are a leading rental equipment group combining the best equipment, services and know-how into rental solutions that simplify customer business. We serve a broad range of customers, including construction and process industry, services, the public sector and households. In 2013, the Group’s net sales totalled EUR 647 million. The Group has 2,600 employees at 302 customer centres in 10 countries in the Nordic countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd. Detailed information is available at www.ramirent.com
 
Zeppelin Rental offers customized rental solutions. We are a leading rental service company, providing equipment rental services, logistics management and consulting, temporary infrastructure, energy and electrics and more. With 1,100 employees at 140 rental stores in Germany, Austria, Russia, the Czech and the Slovakian Republic we serve customers in construction and process industry, plant engineering, trade, the public sector, landscaping and event. They benefit from latest technology, professional services and know-how. Detailed information is available at www.zeppelin-rental.de. Zeppelin Rental is part of ZEPPELIN GmbH which is the Group’s holding company, with its legal seat in Friedrichshafen, Germany, and headquarters in Garching near Munich. Detailed information is available at www.zeppelin.com.

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