'Cramo Latvia' rental manager: returning to the Latvian market was the right decision

The construction equipment rental company "Cramo" has returned to the Latvian market with the goal of reclaiming a leading position. The company prides itself on outstanding achievements over the past three years and has ambitious future plans.

After merging with "Boels" in 2019, "Cramo" re-entered the Latvian market and achieved significant financial results. In 2023, the company’s revenue increased by 173% compared to 2022, reaching nearly 3.5 million, proving its ability to adapt to market demands and customer needs.

"Cramo" rental manager Dmitrijs Sazonovs acknowledges that this growth has been driven by investments that have significantly expanded the fleet with new, modern, and safe equipment, ensuring compliance with the dynamic market situation. In 2023, the equipment fleet grew by 73%, reaching 3,500 units. "Cramo" actively invests in eco-friendly and low-emission equipment, as well as electric and hybrid machines. The company also implements new digital solutions that will allow efficiently manage rented equipment and monitor its usage.

According to the results of the KOG Institute study, "Cramo" stands out among competitors in several key aspects that ensure the company’s excellence in the market. Customers highly value the modern equipment fleet, rental service, and efficient communication with "Cramo" representatives. These factors not only increase customer satisfaction but also promote successful project development and implementation.

"Cramo" operates three rental depots in Riga, offering a wide range of equipment –tools, access and construction equipment, as well as modular solutions, in which "Cramo" is currently an obvious leader, providing adaptable and efficient solutions for various projects. "We are actively expanding our private customer base by offering everything needed for home renovations, garden improvement, and other maintenance work. Regardless of the project size, we provide professional equipment for everyone," says Dmitrijs Sazonovs.

"Boels-Cramo" is currently the second-largest construction equipment rental company in Europe, with 750 rental depots operating in 18 countries. To provide an even broader range of equipment and services in the future, "Cramo's" owners, "Boels," this year acquired the world's leading company in aerial work platforms and telescopic handlers, "Riwal,". This step will help the company strengthen its position in the Asian market. This step is significant in the company’s strategic growth plans to become a leader in construction equipment rental.

For more information: www.cramo.lv