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Announced

Goldman Sachs-backed Adapteo to acquire certain assets of Ajos for $45m.

Synopsis

Goldman Sachs-backed Adapteo, an adaptable space partner in Northern Europe, agreed to acquire certain assets of Ajos, a modular buildings provider, for $45m. Financial terms were not disclosed. “We have completed several divestments in Ajos and are pleased that we have now found the right owner for the rental activities in the pavilion business, which is not within the strategic focus areas of the MT Højgaard Holding group. We look forward to creating a strong and long-term cooperation between Adapteo and the MT Højgaard Holding group. We will continue developing and manufacturing sustainable and Nordic Eco Swan-labelled pavilions in Scandi Byg to accommodate increasing customer demand for sustainable solutions,” Morten Hansen, MT Højgaard Holding CEO.

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