Adapteo, the leading adaptable space partner in Northern Europe, has entered an agreement regarding an intention to acquire the modular building assets of Ajos, a subsidiary to MT Højgaard Holding (MTH). Ajos provides high-quality adaptable buildings for rental to the public sector in Denmark, with a building portfolio partly certified with the Swan Ecolabel. The company offers temporary housing for school, daycare, premium office facilities, and relocation facilities. Ajos had a revenue of DKK 81.0M in 2020, and more than 96 percent of the rental revenues came from the public sector.

"With a future acquisition of Ajos we will strengthen our position as market leaders in adaptable and circular building solutions in Denmark. We see great potential in Ajos' business and sustainable product portfolio. Their capabilities in social infrastructure and sustainable buildings are valuable assets for Adapteo, not only on the Danish market, but for our whole company, as the need for high-quality, adaptable and sustainable buildings is increasing across all of our markets", says Philip Isell Lind af Hageby, President and CEO of Adapteo Group.

Rapid growth and expansion in Europe

Adapteo is present in a total of eight European countries and has taken several steps during the last year to increase its geographical footprint across Europe. In particular, Adapteo recently acquired Dutch Cabin Group which has operations in the Netherlands, Germany and Belgium. Adapteo also expanded its presence in Norway through the acquisition of Stord Innkvartering and entered the Lithuanian market earlier this year.

• Previously owned by MT Højgaard Holding (MTH), a Nordic construction and engineering company
• Revenue DKK 81.0M
• Key customers within the social infrastructure sector