Modulaire Group, an independent company that specializes in special opportunities, is pleased to announce that it has approved the purchase of Alquibalat, S.L. (“Skin”) in Spain.

Based in Pamplona,   Balat is a leader in the Spanish market for renting and real estate, with a strong presence in the construction sector. It contains more than 15,000 copies from 15 locations in Spain and Portugal, including Madrid, Barcelona,   Bilbao, Coruna, Malaga, Seville, and Valencia.

Balat will have $ 32 million by 2020 and has about 165 employees. The agreement, which remains under review by CNMC, the Spanish government, is expected to close in the spring of 2022.

Balat acquisition will be the fourth takeover of the Modulaire Group in 2021 and the tenth global acquisition since the beginning of 2020. The proposed take-off plan remains the still one of the goals of the Modulaire Group, with good value, is to focus on improving sales and customer care operation of branch facilities, and good investment costs.

About Modulaire Group

Modulaire Group is a leader in European technology services and advertising. We create smart opportunities for people to live, work and learn. Our business is designed to help customers find the right solution for the opportunity, regardless of their needs. The Modulaire Group operates in 25 countries and has 267,000 spaces and bedrooms and 4,400 remote lounges. The company operates Algeco in Europe and Scandinavia, Elliott, Advanté, Carter, and Procomm in the UK, BUKO Huisvesting, BUKO Bouw & Winkels, and BUKO Bouwsystemen in the Netherlands, Tecnifor, and Lockbox in Italy, Ausco in Australia, Portacom in New Zealand. , and Chengdong Algae in China.

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