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Cramo, part of Boels Rental, has completed the sale of its Russian operations, Fortrent OOO. The new owner is a private investor. Both parties will not disclose the transaction price and other financial details.
Completing the divestment means that Boels and its subsidiaries have fully withdrawn from Russia. Fortrent OOO was owned by Fortrent Oy, which was a joint venture of Cramo and Ramirent. Fortrent OOO has been engaged in machine rental operations in Russia since 2013. The company has 18 locations, and its turnover in 2022 was approximately 2.2 billion roubles.