Cramo to spin off Adapteo

By Murray Pollok20 December 2018

Cramo will separate its modular space business Cramo Adapteo through a partial demerger. The spin-off is expected to take place in mid-2019.

The announcement comes after a previously announced strategic review of the Adapteo business. Under a partial demerger Cramo would retain a shareholding in the spun-off business, although Cramo has not said what’s its stake is likely to be.

No caption available

Adapteo reported revenues of €127 million in 2017 and EBIT profits of €29 million. It provides temporary space for schools, day care centres, offices and accommodation, as well as events, exhibitions, shops and other applications.

Public sector business accounts for around 65% of its revenues, with construction projects making up just 8% of revenues.

Latest News
Doosan launches wheeled excavator in 10-tonne class
Low emissions machine said to combine compactness and agility with performance
Egypt’s infrastructure push threatens City of the Dead
New highway in Cairo, Egypt, threatens famous cemeteries known as ‘the City of the Dead’ 
Executive changes at Thompson Pump and Manufacturing
Longtime VP John Farrell retiring, to be succeeded by Bobby Zitzka