Balat

Algeco Strengthens Spanish Business With Acquisition of Balat

Retrieved on: 
Wednesday, December 4, 2019
Companies, Balat, Fatih, Balat, General Electric, Pamplona, Economy of the United States, Industries

Based in Pamplona, Balat is a leader in the Spanish market for the rent and sale of modular buildings, with a strong presence in the construction sector.

Key Points: 
  • Based in Pamplona, Balat is a leader in the Spanish market for the rent and sale of modular buildings, with a strong presence in the construction sector.
  • The transaction, which is subject to review by CNMC, the Spanish competition authority, is expected to close in the first quarter of 2020.
  • Mike Smith, Chairman of Algeco, said: "I am delighted to strengthen our presence in Spain through the acquisition of Balat, our second purchase in recent months.
  • The company operates as Algeco in Europe, Elliott in the United Kingdom, Ausco in Australia, Portacom in New Zealand and Algeco Chengdong in China.