Algeco Group completed the acquisition of Wexus Group from Norvestor Equity.

Algeco Group, a modular space leasing business in Europe and Asia Pacific, completed the acquisition of Wexus Group, a provider of modular building solutions in the Nordic region from Norvestor Equity, a private equity firm focusing on lower mid-market control investments in the Nordic region. Financial terms were not disclosed. "High quality acquisitions are a key component of our strategy, complementing our focus on organic growth and operational performance. This transaction further builds on Algeco's leading position in the highly attractive Nordic modular space market. I am delighted to welcome a very experienced management team into the Algeco Group, and I'm excited that they will continue to lead this business and build on a robust track record of value creation going forward." Mark Higson, Algeco CEO.