Renta acquires Scaffolding Group

Renta Group Oy (“Renta Group” or “Renta”) has reached an agreement to acquire Scaffolding Group
sp. z o.o. (“Scaffolding Group” or “the Company”). Scaffolding Group is a Polish scaffolding company
serving industrial customers in Southern Poland. On a project basis the Company also does work
outside Poland. The Company has more than 20 employees and annual revenues of approximately
PLN 16 million.

With the acquisition Renta makes an entry to the Polish industrial scaffolding market. Furthermore,
Renta strengthens its position in the industrial customer end-market. Scaffolding Group is a growing
company with strong profitability and a skilled staff. Renta’s objective, together with the
management of Scaffolding Group, is to continue to scale the operations geographically and to
further expand the customer base of the Company.

The acquisition is expected to be completed by February 2024.

Kari Aulasmaa, CEO of 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.”

Michał Dzieciaszek, Co-founder of Scaffolding Group, said: “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.”