Renta acquires Lohke

Renta Group Oy (“Renta Group” or “Renta”) is significantly strengthening its position in Denmark through the acquisition of Lohke Materieludlejning A/S (“Lohke” or “the Company”). Lohke is a general rental company, with five depots located in the capital region, Esbjerg and Aarhus. The Company has more than 90 employees and annual revenues of approximately DKK 200 million.

Renta entered Denmark organically in 2021 and with this acquisition, Renta will become the fourth largest general rental company in the Danish market.

Continued strategy execution – an excellent fit for Renta

The acquisition is a natural step in Renta’s strategy to strengthen its position and grow in Northern Europe. Following the acquisition Denmark will become a sizeable segment further diversifying operations and making Renta truly pan-Nordic.

Lohke’s local and lean business model as well as its strong track record of profitable growth makes it an excellent fit for Renta. Lohke will continue to serve its customers with the same local approach and high-quality services as before, while further benefitting from implementing Renta’s cutting edge digital solutions. The strong market position and experienced management team create a solid foundation for continued growth in Denmark.

Carsten Lohmann, CEO of Lohke, said: “We have been looking for a partner to help us further develop our business and we are happy to say that Renta is the perfect match for us. Renta entered Denmark recently but the management and most of the employees are very experienced rental professionals. Renta has access to capital and products which we previously didn’t have and importantly, Renta shares the same values that we have followed for the past 16 years. We have been working hard on digitalizing Lohke for the past years and are thrilled to get access to Renta’s top-notch digital solutions. With the digital capabilities we will be able to further develop our business helping both employees and customers in terms of “work smarter not harder”. Lohke has a solid customer base, a good reputation and deep knowledge of the Danish rental market. I’m certain that together with Renta we will become even stronger and with time become the preferred partner for customers on the Danish rental market.”

or

Kari Aulasmaa, CEO Renta Group Oy
+358 40 511 6445
kari.aulasmaa@renta.com

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