Parmaco bringing its dynamic rental model available in Germany with a majority acquisition of mobispace GmbH
Press release
Parmaco Oy, Finland’s leading provider of dynamic buildings for rent, has acquired a majority stake (51%) in mobispace GmbH, a German company specializing in modular design and construction.
Parmaco, a Finnish company, offers its public sector customers a flexible, high-quality rental building concept that enables municipalities and cities to adapt to demographic changes. The acquisition is part of Parmaco’s internationalization strategy and enables Parmaco to make its high-quality dynamic rental model available for German customers.
Mobispace is a growth company focusing on modular, high quality and sustainable wood design and construction, operating in the German market. Mobispace rents out modular buildings, such as schools, day-care centers and office buildings, to its customers.
“I am pleased to announce our acquisition and the beginning of a strong development with a leading wooden modular design and construction company mobispace”. There is a natural need for flexible solutions in modern societies, when forecasting space needs and planning the service network is challenging. Therefore, the demand for solutions of this kind is also growing in Central Europe. Special attention should be paid to the new and stricter construction criteria set by the European Union with regards to sustainable development. Parmaco’s service concept, in which buildings can be partially or fully moved and reused, for their original purpose, is fully based on the principles of circular economy. This enables municipalities and cities to build flexibly the needed spaces that meet tomorrow’s criteria already today. This acquisition opens up a great avenue together with mobispace to bring high value to German customers through dynamic space solutions, and also, acts as a proof of Parmaco’s value for new partners and further acquisitions in Central Europe, comments Jukka Joutsenkoski, CEO of Parmaco Group.
“This shareholding in mobispace is a great opportunity for us and a very significant milestone in mobispace’s journey. It gives us the opportunity to further develop our modular concept with a strong and experienced partner and to serve our extensive customer network better. Parmaco is not only a stable shareholder but also a true pioneer in the modular rental business and we see many synergies and cooperation opportunities that will benefit our customers,” says Christine Grimm, MD of mobispace.
More info
Parmaco Group Oy
Jukka Joutsenkoski, CEO
Puh. 044 376 4422
Unpublished, printable images: anna.elo@parmaco.fi
mobispace GmbH
Christine Grimm, MD
c.grimm@mobispace.de