Terra Firma and its investor group have acquired Parmaco, a leading provider of high-quality relocatable buildings, from MB Rahastot, signaling a significant growth opportunity in the Nordic modular construction market.

Information on the Target

Parmacon, a leading provider of high-quality relocatable buildings in the Nordics, is currently owned by MB Rahastot. The company has developed a robust portfolio consisting of 254 relocatable buildings across Finland and Sweden. Parmaco specializes in the planning, construction, and leasing of high-quality modular buildings manufactured in factory conditions. Its primary clientele includes municipalities that require these structures for daycare centers and schools, in addition to nursing homes and office spaces. Under MB Rahastot's ownership, Parmaco has seen a significant increase in its leasing portfolio, growing it over sixfold. Parmaco operates two production facilities in Finland and collaborates with several subcontracting factories located in the Baltics and Sweden. The company reported a revenue of €101 million in 2017.

Industry Overview in the Specific Country

The market for relocatable buildings in Finland and Sweden is experiencing notable growth, driven by the increasing demand for flexible construction solutions. The growing need for affordable and quick-to-implement building solutions, particularly in the education and healthcare sectors, has prompted municipalities to consider relocatable buildings as viable options. In Sweden, the transition towards more sustainable and efficient construction methods is boosting interest in modular buildings, which offer significant advantages in terms of time, cost, and environmental impact.

Furthermore, changes in regulations and standards are creating a favorable environment for the relocatable building market. The Swedish government, for instance, has made commitments to invest in infrastructure, which includes expanding educational and healthcare facilit