Algeco Adds to French Market Leadership With Acquisition of Altempo

LONDON, Jan. 10, 2020 /PRNewswire/ -- Algeco Group, the leading modular space leasing business in Europe and Asia Pacific, today announces the acquisition of the French business, Altempo SAS ("Altempo").Altempo specialises in large, complex tenders which require bespoke solutions and innovative service offerings, and its acquisition will enable Algeco to participate more effectively in this attractive segment of the French modular space market. Altempo operates a fleet of c. 3,000 units, has 61 employees and revenues of c. a?¬25 million.A A  Mike Smith, Chairman of Algeco, said: "Altempo will be an excellent addition to our market-leading business in France. Under the leadership of Thierry Munier, Altempo has developed a compelling and well-differentiated offering that is underpinned by constant innovation across its products, components and services. I am delighted that Thierry will remain with Algeco and continue to lead this business." Thierry Munier, Managing Director of Altempo, said: "We are very excited to join Algeco, the leading modular space business in Europe. I am looking forward to working closely with Alexis Salmon-Legagneur and his team to ensure we're best-placed to take advantage of the attractive opportunities available to us."About Altempo
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