MT Højgaard Holding has sold its pavilion rental activities
MT Højgaard Holding A/S (MTHH)’s subsidiary Ajos A/S has entered into an agreement to divest its pavilion rental business to the Northern European market leader in the segment, Adapteo Oy.
Headquartered in Koege, Denmark, Ajos provides high-quality adaptable buildings for rental to the public sector in Denmark. The company offers temporary housing for schools, daycare and premium office facilities, and generates more than 96 percent of its rental revenues from the public sector.
Headquartered in Vantaa, Finland, Adapteo is the leading adaptable space partner in Northern Europe. The company develops, builds, rents out and sells adaptable buildings for schools, daycare and care centers, offices and accommodation. Adapteo has a building portfolio of 1.3 million square meters and operates in Sweden, Finland, Norway, Denmark, Germany, Belgium, Netherlands and Lithuania.
Headquartered in Copenhagen, Denmark, MTHH is one of the leading construction and civil engineering companies in the country. It is listed on the Nasdaq OMX Copenhagen Stock Exchange. MTHH has more than 2,800 employees and generated revenue of almost US$1 billion in 2020.
Oaklins’ team in Denmark acted as strategic and financial advisor to MT Højgaard Holding. The team in Finland supported the transaction. This acquisition marks Oaklins’ third transaction as advisor to MT Højgaard in 2021, following the sale of MT Højgaard Holding’s site hut business to CP in October 2021 and the acquisition of Raunstrup in February 2021.
Morten Hansen
CEO, MT Højgaard Holding A/S
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