Algeco changes name to Modulaire Group

By Thomas Allen06 October 2020

UK-based modular space rental specialist Algeco Group has changed its name to Modulaire Group, while maintaining its current trading names.

Algeco, Modulaire Group

The change in name was said to reflect the company’s transformation over recent years, which has included the acquisition of six modular space businesses, primarily across Europe.

The change in name relates to group-level only. With operations in 24 countries across Europe and Asia Pacific, the company will continue to operate locally under its existing names.

These are Algeco in much of Europe, Elliott in the UK, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in the Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

Algeco Global Finance plc and Algeco Global Finance 2 plc, which issue senior secured notes and senior notes respectively, will be re-named Modulaire Global Finance plc and Modulaire Global Finance 2 plc in due course.

The company said it is continuing to drive profitability across the business, with a focus on optimising sales volume and price, effective capital investment and targeted acquisitions.

Latest News
Hitachi to show zero-emission excavator at Bauma
The ZX55U-6EB is being shown alongside a range of equipment from the European manufacturer
Electric focus for XCMG at Bauma
XCMG to showcase 39 products at Bauma, with many of them electric powered 
China Railways plans surge of projects
China’s rail sector fell to an eight-year low in 2021