Shurgard Self Storage to acquire 24Storage for $120m.

Shurgard Self Storage, a self-storage and warehousing services provider, agreed to acquire 24Storage, a warehousing services provider, for $120m. "We are committed to growing Shurgard’s portfolio in Sweden with a high-quality self-storage proposition for local customers. The acquisition of 24Storage complements our existing position and enhances our Pan-European strategy. Through this transaction we create a larger, scalable, and environmentally stable and efficient portfolio. Our intention is to combine expertise and continue to grow, with our offer reflecting an attractive value proposition to customers and shareholders," Marc Oursin, Shurgard Self Storage CEO.