Adapteo
Adapteo is a Northern European modular building rental company operating 61,000 modules across 9 countries, serving municipalities, schools, healthcare, defense, and enterprises with relocatable, circular buildings under a Space as a Service model.
- Company typePrivate
- Founded2019
- HeadquartersVantaa, Finland
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Adapteo does
Adapteo Group is a Northern European provider of modular, adaptable buildings used as social and operational infrastructure. The company operates a fleet of 61,000 modules totaling 1.6 million square meters across 9 countries (Sweden, Finland, Norway, Denmark, Estonia, Lithuania, Latvia, the Netherlands, Belgium, and Germany), supported by 27 hubs, offices, and warehouses and approximately 650 employees. Its proprietary modular systems — C40, C80, C90, C90+, and NOVA — are designed as part of a circular building concept, enabling buildings to be scaled, reconfigured, relocated, and reused across multiple customer sites.
The company generates revenue primarily through multi-year rental contracts under a "Space as a Service" model, with additional recurring streams from upgrade products (solar panels, furniture, equipment, kitchens) and event solutions. Customers are concentrated in the public sector (municipalities, schools, daycare centers, elderly care, healthcare providers, defense forces) with selected enterprise and industrial accounts (e.g., FLC Fehmarnbelt Tunnel workers, SSAB via the Aurora Village partnership, Sandvik, Öresundskraft). Distribution is conducted through a direct enterprise field-sales motion supported by public procurement frameworks such as KUHA, enabling tendered access to municipal clients.
Adapteo was created in July 2019 through the demerger of Cramo, listed on Nasdaq Stockholm that same month, and was subsequently taken private through delisting in August 2021. It is currently privately held, with Johanna Persson serving as President & CEO since 2022. Recent strategic activity has focused on Northern European consolidation — acquisitions of JYTAS A/S (Denmark, 2024), Stord Innkvartering (Norway, 2020), and Dutch Cabin Group (Netherlands, 2020) — alongside new business unit launches (Adapteo Latvia in 2024) and large project partnerships (Aurora Village for SSAB in 2025). The company's core differentiator is its sustainability profile: up to 96% lower carbon emissions versus permanent construction, 61% reuse rate on the 2023 deployed fleet, SBTi-approved 1.5°C net-zero targets, GRESB Infrastructure Asset Assessment top ranking in 2024, and EcoVadis Gold in 2023.
Adapteo firmographics
Firmographics- Name
- Adapteo
- Legal name
- Adapteo Group
- Website
- https://adapteo.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Adapteo is a Northern European modular building rental company operating 61,000 modules across 9 countries, serving municipalities, schools, healthcare, defense, and enterprises with relocatable, circular buildings under a Space as a Service model.
- Ownership category
- akta.pro rank
Adapteo industry classification
Industry- Product category
- Modular Building Rental
- SIC
- Prefabricated Metal Buildings & Components (3448), Services-Miscellaneous Equipment Rental & Leasing (7350)
- akta.pro primary industry
- Residential Modular & Prefabricated Home Construction (IMAFABAF)
Keywords
Where Adapteo is headquartered
LocationHeadquarters
- HQ city
- Vantaa
- HQ country
- Finland
- HQ region
- Europe
Offices11 records
Markets served
Adapteo business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Modular Building Rentals: Primary revenue stream from renting adaptable modular buildings to municipalities, government, healthcare providers, and corporations. Buildings are rented for specified periods with flexible terms that can be extended, modified, or terminated. Revenue is recurring as long as rental agreements are active.
- Space as a Service: Comprehensive offering that includes development, rental, and sale of adaptable buildings for schools, daycares, care centers, offices, and accommodation. Full-service model covering design, delivery, maintenance, and eventual disassembly.
- Upgrade Products and Services: Additional revenue from supplementary products and services including solar panels, furniture, education/office equipment, professional kitchens, and landscaping services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Custom rental contracts based on project requirements |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels7 records
Adapteo product offering
Product offeringCore offering
Adapteo provides modular, relocatable buildings on a rental basis to municipalities, government agencies, healthcare providers, educational institutions, defense forces, and corporations across the Nordics and EU. Its portfolio of C40, C80, C90, C90+, and NOVA modular systems can be assembled, scaled, repurposed, and disassembled within weeks under a Space-as-a-Service rental model that includes design, delivery, maintenance, and end-of-life recovery.
Product overview
Adapteo is Europe's leading provider of modular, adaptable spaces for social infrastructure. The company offers a comprehensive portfolio of products including Daycare Buildings, School Buildings, Office Buildings, Worker Villages, Healthcare Buildings, and Elderly Care facilities. The core offering centers on the C40, C80, C90, C90+, and NOVA modular systems that can be transformed, repurposed, scaled, and relocated. The company operates a Space as a Service model providing rental solutions with full maintenance support. Additional offerings include Upgrade Solutions (solar panels, furniture, equipment) and Adapteo Event for showroom solutions. With 27 hubs across 9 countries and 61,000 modules spanning 1.6 million square meters, Adapteo delivers up to 96% less carbon emissions compared to permanent construction while maintaining #1 ESG ratings.
Differentiator
Problem solved
Functional benefit
Products and services
- Modular Building Solutions
- Daycare Buildings
- School Buildings
- Office Buildings
- Worker Villages
- Healthcare Buildings
- Elderly Care Buildings
- Space as a Service
- Modular Rental Process
- C40 Modular System
- C90 Modular System
- C90+ Modular System
- NOVA Office Modules
- Adapteo Event
- Upgrade Solutions
- Solar Panels
Quantifiable outcome
- Up to 96% less carbon emissions vs. permanent construction
- +2 more outcomes
Companies that use Adapteo
Customer profileNamed customers14 records
Segments6 records
Ideal customer profiles6 records
Adapteo technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Adapteo partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Strawberry LivingcorePartnership with Strawberry Living to develop Aurora Village, Sweden's largest worker housing project for SSAB. Adapteo Sweden and Strawberry Living are joining forces for this large-scale worker accommodation development in Storporsön.
- FLC (Fehmarnbelt Tunnel Project)corePartnership to provide 30,000 sqm adaptable village with housing for construction workers at the Fehmarnbelt tunnel project. Adapteo delivered over 500 building units, 640 rooms across 16 buildings to accommodate 300+ workers.
- HY/ARCHITEKTEN (City of Offenbach)minorArchitecture firm working on behalf of City of Offenbach for modular building projects, including transformation of daycare center to school building.
Scale indicators8 records
Recent moves9 records
Expansion highlights5 records
Adapteo competitors and assessment
Company assessmentBroad incumbents
- ATCO Space Rentals: Division of ATCO providing modular buildings, workforce housing, and space rentals globally. Comparable in modular rental offerings and customer segments including government, defense, and remote workforce.
- WillScot Mobile Mini: North American leader in modular space and portable storage rental with a large installed fleet. Operates an analogous rental subscription model for offices, education, and construction workforce, but at much larger scale and in a different geography.
Direct peers
- Containex: Austria-based provider of modular container and prefabricated building solutions for rental and sale across Europe. Comparable in modular construction technology and customer base in industrial, public, and event use cases.
- Modulaire Group (Algeco): Europe's largest modular space rental provider, operating a pan-European fleet of modular buildings for construction, education, healthcare, and industry. Most direct comparable to Adapteo by business model (rental subscription) and end markets.
- Algeco Scandinavia (under Modulaire): Scandinavian arm of Modulaire Group competing head-to-head with Adapteo in Sweden, Norway, Denmark, and Finland across modular building rentals for public and private customers.
- Portakabin: UK-headquartered modular building manufacturer and rental provider serving education, healthcare, and public sectors across Europe. Closely comparable to Adapteo in product (modular buildings) and rental-led go-to-market.
Emerging players
- Losberger De Boer: European provider of modular space solutions for events, industry, and public sector. Comparable in modular rental model, though with stronger weighting to events and semi-permanent structures.
Regional players
- BOXX Modular: Canadian modular building rental provider serving construction, education, and commercial customers. Comparable in rental-led modular space delivery but primarily serves Canada.
- Karmod Prefabricated Building Technologies: Turkish prefabricated and modular building manufacturer serving Europe, Middle East, and Africa with schools, hospitals, dormitories, and worker camps. Comparable in product and end markets but primarily a manufacturer rather than rental subscription business.
- Dantotsu (formerly BUKO) / BUKO WerkWohnen: Dutch provider of temporary accommodation and modular buildings for workforce housing and social infrastructure in the Netherlands and Germany. Comparable in workforce villages and rental model within the same Benelux/Germany footprint.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Adapteo social profiles
Digital presenceAdapteo compliance and trust
Trust signalCompliance5 records
Adapteo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Adapteo leadership team
Management profileNumber of profiles
Profiles9 records
Adapteo subsidiaries and ownership
Company hierarchySubsidiaries11 records
Adapteo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Adapteo M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Adapteo
What does Adapteo do?
Adapteo provides modular, relocatable buildings on a rental basis to municipalities, government agencies, healthcare providers, educational institutions, defense forces, and corporations across the Nordics and EU. Its portfolio of C40, C80, C90, C90+, and NOVA modular systems can be assembled, scaled, repurposed, and disassembled within weeks under a Space-as-a-Service rental model that includes design, delivery, maintenance, and end-of-life recovery.
Is Adapteo a public or private company?
Adapteo is a private company. It is classified as private equity controlled and is currently operating.
When was Adapteo founded?
Adapteo was founded in 2019. It employs 501 to 1,000 people.
Where is Adapteo based?
Adapteo is headquartered in Vantaa, Finland, in the Europe region.
How does Adapteo make money?
Three revenue lines are on record. Modular Building Rentals are the primary driver. The others are space as a Service and upgrade Products and Services.
Who are Adapteo's main competitors?
Broad incumbents on record are ATCO Space Rentals and WillScot Mobile Mini. Direct peers are Containex, Modulaire Group (Algeco), Algeco Scandinavia (under Modulaire) and Portakabin. Losberger De Boer is listed as an emerging player. Regional players are BOXX Modular, Karmod Prefabricated Building Technologies and Dantotsu (formerly BUKO) / BUKO WerkWohnen.
Does Adapteo have an API?
No public API is recorded for Adapteo.
What industry is Adapteo in?
Adapteo's product category is Modular Building Rental. Its primary akta.pro industry code is IMAFABAF, Residential Modular & Prefabricated Home Construction. Its SIC code is 3448.