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
Multi-Tech and AGJ have been acquired by Wicotec Kirkebjerg, part of the Aarsleff Group
Rent-Tech A/S, including its subsidiaries Multi-Tech A/S and Asger G. Jørgensen A/S (AGJ), has been acquired by Wicotec Kirkebjerg A/S, part of the Aarsleff Group. The transaction creates a strong platform for continued growth and development. With the acquisition of Rent-Tech, Wicotec Kirkebjerg strengthens its industrial service offering and position in West Zealand, Denmark, expanding its capabilities in electrical installations, specialized piping and metalwork services. As part of Wicotec Kirkebjerg, Rent-Tech gains access to additional resources, expertise and larger-scale project opportunities while maintaining their local presence, management teams and long-standing customer relationships. All businesses will continue to operate under their existing brands and leadership teams.
Learn moreICOP has transferred its listing from Euronext Growth Milan to Euronext Milan
ICOP S.p.A. has transferred its listing from Euronext Growth Milan to Euronext Milan.
Learn moreKTL has received investment from Exponent
Exponent Private Equity has invested in KTL, underscoring its focus on backing high-quality Irish businesses. This investment also marks an exciting new chapter for KTL, accelerating the company’s growth and strengthening its footprint across its core telecommunications and power sectors in Ireland and the UK.
Learn more