MT Højgaard Holding has sold its site hut rental activities

Introduction

MT Højgaard Holding (MTHH) has divested all activities within rental of site huts, construction site management and temporary installations to the Danish rental company CP.

A sales price of DKK 167 million was agreed between the parties. The transaction comprises a number of key employees at locations in Køge and Vejle as well as equipment including approximately 1,400 site huts and containers.

Oaklins was engaged by MT Højgaard Holding as strategic and financial advisor. This divestment marks Oaklins’ second transaction as advisor to MT Højgaard this year, following MT Højgaard's acquisition of Raunstrup in February 2021.

We are pleased that we have found the perfect home for the activities and the skilled employees with this sale to CP, which has been our preferred buyer throughout the process. We therefore look forward to establishing a good and long-term cooperation between CP and the companies in the MT Højgaard Holding group. MORTEN HANSEN, CEO – MT HØJGAARD HOLDING

About MT Højgaard Holding

Headquartered in Copenhagen, MT Højgaard Holding (MTHH) is one of the leading construction and civil engineering companies in Denmark, with roots back to 1918. The company is listed on the Nasdaq OMX Copenhagen Stock Exchange. MTHH has more than 3,900 employees and generated revenue of approximately DKK 6 billion in 2020.

Read more about MTHH on the website: www.mthh.dk

About CP

Established in 1986 and headquartered in Denmark, ‍CP is among the market leaders in construction site design and rental of office and crew modules, containers, construction equipment, lifts and pavilions. CP's clientele ranges from the construction sector to industry to public and private companies and institutions in Denmark.

Read more about CP on the website: www.cp.dk