Algeco Group, the leading modular space leasing business in Europe and Asia Pacific, today announces the acquisition of BUKO Huisvesting and BUKO Bouw & Winkels of the Netherlands.
The transaction will significantly strengthen Algeco’s position in the Dutch modular space market, increasing the size of its fleet from 3,000 to more than 15,000 units. BUKO Huisvesting and BUKO Bouw & Winkels operate in five locations, have 195 employees and had revenues of €60 million in 2018. These businesses were previously owned by Scheybeeck.
Mike Smith, Chairman of Algeco, said: “This acquisition is an important step forward for Algeco Group, since it materially strengthens our position and presence in the Dutch and European market. I welcome BUKO Huisvesting, BUKO Bouw & Winkels and their employees to the Group; I am confident that customers will benefit from Algeco’s industry-leading range of value-added products and services. Modular space is an attractive and growing market and acquisitions represent an important element of Algeco’s growth strategy.”
Charles Nagel, managing director BUKO Huisvesting said: “We are delighted to join the Algeco Group as we continue to build our business in temporary and semi-permanent modular buildings."
Koos Verloop, managing director BUKO Bouw & Winkels: "We are looking forward to the potential to broaden our offering to customers as part of Europe’s leading provider of modular space. I am also pleased that Algeco shares our commitment to helping customers realise their full potential by providing a safe and comfortable environment.”
About BUKO Huisvesting and BUKO Bouw & Winkels
The acquired businesses of BUKO Huisvesting and BUKO Bouw & Winkels are leading providers of temporary and semi-permanent buildings and additional products and services for education, healthcare, construction, retail and the government in the Netherlands. The privately held company has a strong position in the Netherlands, with its largest locations in Beverwijk and Zaltbommel. bukohuisvesting.nl
Algeco is Europe and Asia Pacific’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn.
We deliver for our customers, wherever, whatever and whenever the need. We are:
- Available: wherever the project, big or small, we can deliver anywhere.
- Adaptable: whatever the customers need – space, furniture, equipment, connectivity – we provide turnkey solutions.
- Reliable: whenever we are required we have the expertise to get it right first time.
Headquartered in London, Algeco has operations in 22 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodation rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, Ausco in Australia, Portacom in New Zealand and Algeco Chengdong in China.