Algeco, a modular space leasing business in Europe and Asia Pacific, completed its acquisition of Malthus Uniteam, a provider of relocatable modular buildings in the Norwegian market. Financial terms were not disclosed. "This transaction transforms Algeco's position in the attractive Nordic modular space market, and further strengthens our presence across Europe. Malthus Uniteam's broad product range and strong customer base will ensure that Algeco is well placed to benefit from the continued strong growth of the Nordic markets. Furthermore, the customers of Malthus Uniteam will benefit from Algeco's industry-leading range of value-added products and services. We look forward to working with the management team on the next phase of growth," Mike Smith, Algeco Chairman.