Swiss Life Asset Managers to acquire Condecta from Paragon Partners.

Swiss Life Asset Managers, an investment solutions provider, agreed to acquire Condecta, a modular construction firm, from Paragon Partners, a European private equity company. Financial terms were not disclosed. “The management team of Condecta is excited. We look to the future with great entrepreneurial enthusiasm. With Swiss Life Asset Managers, we have found the perfect new owner to drive our growth and innovation plans even more decisively and to further expand our market leadership in modular space solutions in Switzerland. With our versatile solutions in industry, public sector, events, and construction, we are confident in continuing to provide exceptional customer value and growing together with our partners,” Oliver Annaheim, Condecta CEO.