Algeco Scotsman Acquires Eurobras
Company Further Expands Global Footprint by Entering South America
Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced the acquisition of the Eurobras Group, the leading provider of modular buildings in Brazil.
Eurobras, headquartered in Sao Paulo, Brazil, is a major supplier of modular buildings and accommodation units to the oil and gas, natural resources, infrastructure, construction, and events markets. The Eurobras group has the largest hire fleet in Brazil with over 10,000 modules, built upon its strong 30 year history and reputation for quality and service. It services customers through its 16 branches across Brazil. The Eurobras Group consists of Eurobras, Dynaplan, Pevidi, Planeta, and AMD companies.
“This acquisition aligns with our strategy to expand our operations into emerging markets, such as South America,” said Duncan Gillis, chief executive officer of Algeco Scotsman. “Establishing a significant market presence in Brazil provides us with substantial exposure to the high growth petrochemical, industrial and public works industries and positions us to capitalize on the expected growth in Brazilian education and healthcare spending in the future.”
Brazil is positioned for strong economic growth over the next five years with two major events taking place in the country: the 2014 World Cup and the 2016 Olympics. “Eurobras’ attractive customer base coupled with their more than 30 years of operating experience made them an ideal company to fold into our global network,” added Gillis. Today Algeco Scotsman and its affiliates have leading market positions in over 20 countries across North America, Europe, and Australasia.