MT Højgaard Holding has sold its site hut rental activities

October 2021 — MT Højgaard Holding’s (MTHH) business unit Ajos has sold its site hut rental activities to the Danish rental company CP ApS for US$25 million. The transaction comprises a number of key employees at locations in Køge and Vejle, as well as equipment, including approximately 1,400 site huts and containers.

Ajos offers rental services of site huts, construction site management and temporary installations. After the divestment, the company will focus on Nordic Eco Swan-labelled pavilions.

Established in 1986, ‍CP is among the market leaders in construction site design and rental of office and crew modules, containers, construction equipment, lifts and pavilions. CP’s clients range from the construction sector to public and private companies and institutions in Denmark.

Headquartered in Copenhagen, MTHH is one of the leading construction and civil engineering companies in Denmark. The company is listed on the Nasdaq OMX Copenhagen Stock Exchange. MTHH has more than 3,900 employees and generated revenues of approximately US$932 million in 2020.

Our role in the transaction

Oaklins’ team in Denmark was engaged by MT Højgaard Holding as strategic and financial advisor. This divestment marks Oaklins’ second transaction as advisor to MT Højgaard this year, following their acquisition of Raunstrup in February 2021.