Oecon is a manufacturer and distributor of modular buildings and the acquisition is in line with Portakabin’s European expansion plans. The purchase is intended to complement the current Portakabin operations in France, Belgium and Holland and provide routes to market for Portakabin modular buildings within the office, healthcare and education sectors.
Oecon managing director Joachim Full said: “We are very pleased to be part of Europe’s leading modular business, Portakabin. The financial strength and private ownership of the Portakabin Group ensures long term investment and security for Oecon and its employees and was key in our decision to sell to Portakabin. We look forward to working with Portakabin as we expand Oecon and the influence of Portakabin within the German modular market."
Portakabin Group European director Jean-Luc Guénard said: “The acquisition of Oecon and the additional experience Mr Full brings to the European management team underlines the importance the Portakabin Group places on its expanding European business. We look forward to working with Oecon and Mr Full in the all important German market.”
Portakabin Group chief executive Derek Carter said: “We are delighted to have acquired Oecon, the management team and employees. Our plans for the future include further investment in the hire fleet, new market sectors and additional hire centres within Germany. The addition of Oecon to our French, Belgian and Dutch businesses will expand our European footprint and capability considerably and provide Oecon with the opportunity to grow within the German market and in new market sectors. We very much look forward to working with Mr Full and all employees to realise Oecon’s full potential."