Portakabin aquires Oecon

Portakabin Limited, part of the Shepherd Group, is pleased to announce the acquisition of Oecon Mobilraum GmbH and its subsidiary companies.

Oecon is a manufacturer and distributor of modular buildings in Germany having built an enviable reputation within the modular industry over the past 20 years, most notably in construction, construction related industries and a number of other sectors.

The acquisition of Oecon is a key strategic move and very much part of the Portakabin Group’s European expansion plans.  Oecon will complement the current Portakabin operations in France, Belgium and Holland and provide the necessary routes to market for the extensive range of Portakabin modular buildings within the office, healthcare and education sectors.

Joachim Full, Managing Director of Oecon commented:

“We are very pleased to be part of Europe’s leading modular business, Portakabin.  The financial strength and private ownership of the Portakabin Group ensures long term investment and security for Oecon and its employees and was key in our decision to sell to Portakabin.  We look forward to working with Portakabin as we expand Oecon and the influence of Portakabin within the German modular market”.

Jean-Luc Guénard, European Director for the Portakabin Group commented:

“The acquisition of Oecon and the additional experience Mr Full brings to the European management team underlines the importance the Portakabin Group places on its expanding European business.  We look forward to working with Oecon and Mr Full in the all important German market.”

Derek Carter, Chief Executive of the Portakabin Group commented:

“We are delighted to have acquired Oecon, the management team and employees.  Our plans for the future include further investment in the hire fleet, new market sectors and additional hire centres within Germany.  The addition of Oecon to our French, Belgian and Dutch businesses will expand our European footprint and capability considerably and provide Oecon with the opportunity to grow within the German market and in new market sectors.  We very much look forward to working with Mr Full and all employees to realise Oecon’s full potential”.