Cramo acquires Swedish KraftX AB and Boels expands the lighting tower offering in the UK with the acquisition of Illumin8
Cramo has acquired KraftX AB, a privately owned rental company in Sweden specializing in power plants and backup power for industry, the construction and infrastructure industry as well as power distribution. KraftX operates nine branches and serves customers all over Sweden.
Through the acquisition of KraftX, Cramo’s capabilities are bolstered in terms of both products and expertise in an area of activity that is becoming increasingly important for the company.
Martin Holmgren, CEO Cramo Group comments: “The acquisition aligns with our strategy, which involves expanding the business organically and through acquisitions. With the addition of KraftX, we have gained more than just new customer relations and equipment, but also valuable expertise in advanced power solutions. Our joint efforts will enable us to provide the market with an improved and more straightforward selection of products, knowledge, and sustainable productivity solutions. We warmly welcome all KraftX employees to Cramo and look forward to continuing our exciting journey of growth together.”
The operations within KraftX will remain unchanged, except for the addition of Marcus Sarstedt as the new manager, who previously served as District Manager at Cramo.
Boels acquires Illumin8 and expands the lighting tower offering in the UK
Asif Latief, Managing Director Boels Rental UK says: “We are very happy to welcome Neil Fenwick and the Illumin8 team to the Boels family. Boels has worked alongside Illumin8 for a number of years on very high-profile projects and events, and their product range, expertise and service levels are second to none.”
Illumin8 have forged a reputation built on providing high quality products and customer service and this culture fits perfectly with Boels’ principles. With the acquisition of illumin8, Boels adds lighting tower rental to its UK specialist division.
Pierre Boels, CEO Boels Rental group comments the acquisitions: “Acquiring expertise, fleet and market share is important to scale up our business. Both internally for economies of scale and externally by adding value to our customers.“