Rental company Cramo Latvia expands its fleet to more than 2,000 units, solidifying its position as a major player in the rental industry.
Cramo Latvia, the go-to construction equipment rental company, sailed through 2024 with a massive growth spurt, bolstering its dominance in the sector. Managing Director Dmitrijs Sazonovs dishes the deets on the incredible year and sheds light on upcoming developments.
"2024 was a rollercoaster ride for Cramo Latvia - revenue soared to a staggering €4.8 million, that's a whopping 39% increase from 2023!" exclaims Cramo Latvia Managing Director Dmitrijs Sazonovs. "Not only did we outperform the wider market, but we also snatched market share from rivals."
The secret to Cramo Latvia's success? Flexible services, streamlined logistics, and a hefty investment in modernizing equipment. And guess what? Clients are clamoring for gear with lower carbon emissions and higher efficiency.
In 2024, Cramo Latvia further beefed up its equipment fleet, boasting an impressive collection of more than 2,000 units. The fleet houses the newest electric platforms, hybrid engine forklifts, and zero-emission machinery.
"Our clients adore quick deliveries, peak-performance gear, and A1 support," says Sazonovs. "Our service game plan has improved as well, and we aim to expand service offerings to better serve regional clients. Currently, we've got three rental depots in Riga."
2025 is shaping up to be a monumental year for Cramo Latvia, with ambitious plans brewing to further cement its place as the rental partner du jour in Latvia. "Our goal is to wow clients with reliable, efficient, and, when necessary, sustainable solutions tailored to their needs," notes Sazonovs.
Part of the Boels-Rental conglomerate - one of Europe's top equipment rental companies - Cramo Latvia gets a major boost from its corporate backing, infusing fresh expertise, scale, and innovation into the local market. In 2024, the Boels-Cramo Group shook things up with a unified Environmental, Social, and Governance (ESG) standards system. Now, it's only a matter of time before these standards trickle down to the Latvian branch, too.
"Our Latvian team is considered a trailblazer in innovation, and we plan to keep pushing the envelope for tech and services," proclaims the Cramo Latvia Managing Director.
Check out www.cramo.lv for more deets!
- The investment in modernizing equipment by Cramo Latvia includes the latest renewable energy solutions like electric platforms and zero-emission machinery.
- Cramo Latvia's success in 2024 was marked by a significant increase in revenue, reaching €4.8 million, a 39% growth from the previous year.
- Sustainable solutions are a key priority for Cramo Latvia's clients, who are looking for gear with lower carbon emissions and higher efficiency.
- As part of the Boels-Rental conglomerate, Cramo Latvia benefits from its corporate backing, which infuses fresh expertise, scale, and innovation into the local market.
