Renta makes modular building acquisition

Renta Group has acquired modular building specialist Caro Design. No financial details of the transaction have been disclosed. 

Headquartered in Brzezówka, Poland, Caro has 8 employees and annual revenues of PLNzł12 million (€2.7 million).

As well as its headquarters, it also operates depots in Krakow and Warsaw. 

The company mainly serves construction and industrial customers in the south-eastern part of Poland, while its fleet comprises of more than 2,000 site modules, including storage containers, office containers and modular buildings.

According to Renta, the acquisition represents a strategic step in its goal to expand its product offering in Poland and to build a full-service offering in the country. 

It said its objective, together with the management of Caro Design, is to “continue to scale the operations geographically and to capture cross-selling synergies” between the respective companies. 

Kari Aulasmaa, CEO of Renta Group, said, “Through the acquisition, Renta takes another step forward in building a full range product offering in Poland. Caro Design is an excellent platform for Renta to launch the site modules operations in Poland given its sizeable and modern fleet and talented team of professionals.

“We would like to extend a warm welcome to the Caro Design team and look forward to working with them.”

Kazimierz Mikrut, president of the management board, Caro Design, added, “We are incredibly happy to partner with Renta, a company sharing our ambition for continued development of the business.

“With the support of Renta, a rental company with a nationwide presence and advanced digital solutions, Caro Design will have good prospects for continued growth and expansion of the business. We look forward to the future collaboration.”