Budapest, January 2017

Terra Profirent_3

After the signing in December 2016 the transaction of the first Hungarian machine rental company, Profirent Kft. has been closed.

Profirent is operating on the entire territory of Hungary and providing rental services regarding construction machines and other appliances. Its park tool includes more than 150 product categories from small appliances through lift machines to earth moving machines. The Company was owned by Ramirent Group till 2013 when it was acquired by Danube Sicar Private Equity Fund. During the four-year PE ownership period the Company’s operation was professionalized and its service department was strengthened. Profirent employs more than 130 people in 17 sites. The Company’s sales from construction, industrial and several other industries is amounted to HUF 3.3 billion.

Profirent was acquired by the Austrian Industrie Holding GmbH that has several years of experience in Hungary and other 12 countries in the CEE region through Terra Group, a construction machine commercial company.

The transaction gives an opportunity to Industrie Holding to develop a significant market position in the service sector.

In the transaction the Concorde MB Partners was the Profirent’s exclusive M&A advisor.