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.
Morten Hansen
CEO, MT Højgaard Holding
Talk to the deal team
Related deals
JP Chick & Partners has been acquired by Qflow
J P Chick & Partners Ltd. has been acquired by Qflow Group AB, strengthening Qflow’s presence in the UK. With nearly 40 years of experience, an established presence in the East of England and broad expertise in structural, civil and environmental engineering, J P Chick complements the capabilities of Qflow’s existing UK businesses. The acquisition further expands Qflow’s UK operations and strengthens its multidisciplinary engineering offering.
Learn moreDe Groot Installatiegroep has acquired a stake in Pesch Electrotechniek
De Groot Installatiegroep has acquired a stake in Pesch Electrotechniek, a specialist in industrial electrical installations and electrical engineering services based in Rozenburg, the Netherlands. Through the acquisition of Pesch, De Groot Installatiegroep enters the industrial electrical installation market and establishes a presence in the Rotterdam port region. For Pesch, the partnership provides access to the resources, capabilities and broader technical expertise of a larger installation group, while allowing the company to build on its existing customer relationships and specialist market position.
Learn moreValuation advisory has been provided to a co-investor in VDK
EMK Capital has transferred VDK Groep B.V. from EMK Capital Partners Fund I into the newly established US$1.4 billion single-asset continuation fund, the EMK VDK Partnership Fund, alongside a co-investment from EMK Capital Partners Fund III. The transaction, co-led by LGT Capital Partners and Coller EQT, provides existing investors with the opportunity to retain their exposure to VDK while securing additional capital to support the company’s continued growth and buy-and-build strategy.
Learn more