G.S.V. Materieludlejning A/S entered into an agreement to acquire Danish equipment rental business from Ramirent Oyj (HLSE:RAMI) for approximately €33 million on December 3, 2018. Ramirent's 130 employees in Denmark will continue their employment in the sold business as per closing date of the transaction. The closing is subject to customary closing conditions and approval of competition authorities and is expected to take place in the beginning of 2019. The transaction is expected to have a minor impact on Ramirent Group's financial result. Mads Ilum, Jonas Bang and Alexander Østergaard de Haas of Accuracy SAS acted as financial advisor to Ramirent Oyj. KPMG Advisory N.V. acted as due diligence provider to G.S.V. Materieludlejning A/S. G.S.V. Materieludlejning A/S completed the acquisition of Danish equipment rental business from Ramirent Oyj (HLSE:RAMI) on March 20, 2019.