The History of Elliott

1963- Elliott Group Ltd started as Elliott’s of Peterborough and was formed to manufacture and sell mobile classrooms at a small factory in Peterborough. At the time the company was owned by Grimsdale & Son who were corn merchants. The success of the mobile classrooms was such that a corn mill at Congresbury, Bristol was changed from producing corn products and storage to classroom production. Another factory was opened at Tranent, south of Edinburgh to service Scotland and the north of England.

Production of classrooms in Peterborough was transferred to a large aircraft hangar at Polebrook, Northamptonshire that had been used by the USAF for B.29 bombers in the Second World War.

A term contract for Kent Education Authority was obtained and a workshop was purchased in March, Cambridgeshire to satisfy ever increasing demand for educational buildings.

The shortage of classrooms was increased due to the R.O.S.L.A. (Raising of the School Leaving Age) that extended full time education to the age of 16 years.

• 1968 - became a public limited company changing the name to the Elliott Group of Peterborough.
• 1976 - Medway Industries Ltd was acquired which manufactured post and panel buildings for the education market.
• 1982 - Jenks and Cattell plc (Falcon Industries plc) made a successful take-over bid for Elliott’s.
• 1983 - Acquisition of Austin Hall, which specialized in steel frame buildings.
• 1984 - Acquired Wyseplan, manufacturers of timber volumetric modules and site cabins at a factory in Bridlington.
• 1987 - Acquisition of Atkinson Workspace cabin fleet based in Wolverhampton.
• 1988 - Take-over by Godfrey Davis plc, which later became the Davis Service Group plc.
• 1989 - Godfrey Davis Portable Buildings Ltd was merged with the cabin and container fleet of Elliott to form Elliott Workspace.
• 1991 - Acquisition of Presco Buildings Ltd who manufacture stressed skin steel buildings and had built up a good hire fleet of steel cabins and steel modular buildings.
• 1999 - Acquisition of Strumech Engineering Ltd to add to Elliott’s growing range of products in the telecommunication market.
• 2000 - Acquired Redispace & Johnson Ltd who had built up a good reputation in the portable accommodation and secure storage market.
• 2001 - The operations of the former Redispace & Johnson joined with Elliott Workspace to form Elliotthire.
• 2002 - Acquisition of Porterplant Limited (now called Elliott Loohire) a toilet provider operating a fleet of over 6,000 toilets from its national network of 6 depots.
• 2005 - Elliott was acquired by Algeco, the European leader in modular space.
• 2007 - Acquisition of Wraith Accommodation, including Gamble Kitchen Rentals, that operate a range of portable accommodation, portable kitchens and catering equipment.
• 2007 - Acquired the assets of GE Modular Space UK that include Moduflex – an innovative product providing flexible design options in modular space.
• 2007 - Elliott becomes part of the Algeco Scotsman Group following the group’s acquisition of Williams Scotsman – the market leader in North America.
• 2010 - Acquired the assets of the Cabin Centre that includes a range of mobile welfare pods.

Algeco Company Background

Overview

Algeco offers space rental solutions throughout 22 countries, including Austria, Belgium, Czech Republic, Estonia, Finland, France, Germany, Hungary, Italy, Lithuania, Luxembourg, the Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, United Arab Emirate and the United Kingdom. Algeco serves more than 31,000 customers in the areas of construction and infrastructure, industry, services and administration. Its fleet of approximately 235,000 modular space and storage units is leased through a network of more than 150 locations.

Algeco is a part of Algeco Scotsman, a leading global business services provider focused on modular space and secure storage solutions. Operating as Algeco in continental Europe, Elliott in the United Kingdom and Williams Scotsman in North America, the group manages a fleet of more than 320,000 units with operations in 26 countries throughout Europe, Middle East, China and North America. The company’s legacy is grounded in its reputation for exceptional customer service, effective management of business operations and consistent product innovation. Algeco Scotsman’s global presence combined with its local market expertise provides exemplary service tailored to meet the unique needs of customers throughout the world.

History

Algeco ownership historical data:

• TUI acquired 66,98% of the capital of Algeco in 1965 (there was another shareholder at this time which was minority)
• This minority yielded its participation in 1996 to TUI (which thus held nearly 100% of Algeco for 9 months)
• TUI introduced this minority interest on the second Parisian market in 1997
• TDR acquired TUI’s participation in Algeco (66,98%) in 2004
• TDR launched a guarantee and carried out a Public Offer of Withdrawal in 2004

Algeco acquisitions data:

• Acquisition of 2 assembly sites in France - Sarrade et Galtier and Sogemi Fillod in 1989
• Acquisition of MBM in Germany in 1990
• Acquisition of Locabrie assembly line in France in 1993
• Acquisition of HADA in Germany in 1996
• Acquisition of Home-system plant in France in 1997
• Acquisition of EC factory in Italy in 2002
• Acquisition of Elliott in the UK in 2005
• Acquisition of Wraith and Toilet Hire UK in 2007
• Acquisition of GE modular space Europe in 2007
• Combination with Williams Scotsman in 2007
• Acquisition of Cabin Centre in the UK in 2010
• Acquisition of l’Yvelinoise de materiel in France in 2010
• Acquisition of Logimobile in France in 2010
• Acquisition of Caltin Containers in the UK in 2011
• Acquisition of RB Farquhar in the UK in 2011
• Acquisition of Glasfryn in the UK in 2011
• Acquisition of Speedy Space in the UK in 2011
• Acquisition of A1 Container in 2011

Facts At-a-Glance

Algeco

• Years in business:  55+
• Number of employees: approximately 3,000+
• Number of customers:  31,000+
• Fleet size: approximately 235,000
• Number of branches:  150+
• Countries Served: Austria, Belgium, The Czech Republic, Estonia, Finland, France, Germany, Hungary, Italy, Lithuania, Luxembourg, The Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, United Arab Emirates and The United Kingdom

Why Algeco?

Combination of Local Presence with Global Scale

Algeco recognizes that the operability of mobile space solutions is mission critical for the thousands of organizations that rely on them. To that end, Algeco makes outstanding service a company imperative. In fact, most of the company’s 3,000 employees are dedicated exclusively to servicing products. Services the company provides include: installation and site work; delivery and set-up; relocation ; refurbishment ; extended warranties ; and design and CADD (computer-aided design and drafting).

Breadth of Services

Algeco understands that its customers rely on the company to deliver the right product/service for any space need precisely at the moment it is required. The quality, breadth and depth of the company’s fleet are intrinsically linked to its ability to maintain customer relationships. Algeco invests significantly each year in the expansion and enhancement of its services fleet. Units are maintained in refurbishment centers operated in various parts of EMEA. Algeco also offers a diverse service portfolio, from a small construction office or secure storage container to a multi-storey high-tech medical services building. In many instances, customers enjoy the efficiency of “one-stop shopping” that only Algeco can provide.

Sustained Market Leadership

At every level of the company, Algeco is committed to delivering innovative space solutions. Algeco may offer a wide array of services, but its focus has always been solving unique space needs for private and public sector organizations of all sizes.

The following assets contribute to the leadership of Algeco in the mobile and modular space categories:

• Longest company track record, dating back more than five decades
• International footprint and service offering yield best value for customers
• Superior customer repeat business and share of customer
• Catalyst for new product innovation throughout the sector
• Strong management team with considerable tenure and domain expertise
• Service excellence maintained with employee training and incentives

Algeco Scotsman Operational Trends

                                                                                                   

	2004	2005	2006	2007	2008	2009	2010	2011 YTD (end of May 2011)
FLEET (units)
Europe	107,000	149,700	150,800	215,000	241,000	225,000	216,000	234,600
North America	95,000	98,200	116,300	123,000	104,000	98,000	86,056	85,426
EMPLOYEES
Europe	1,475	2,779	2,654	3,284	3,380	2,962	2,801	3,008
North America	1,220	1,251	1,423	1,930	1,634	1,634	1,176	1,180

Contact: Olivier de La Brosse, EMEA Marketing & Communication Director ▪ +33 1 42 91 90 75 .(JavaScript must be enabled to view this email address)

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