Algeco Nordic

What Algeco Nordic does

Algeco Nordic is a Norwegian-headquartered provider of modular buildings, containers, and accommodation solutions, operating as a subsidiary of the privately held Modulaire Group across Norway, Sweden, Denmark, Finland, and Estonia. The company's product portfolio spans four core categories: standard and specialized ISO containers (insulated, environmental, blast freezers, cold storage, HSE, tire containers) in sizes from 6ft to 40ft; prefabricated modular buildings for schools, kindergartens, offices, nursing homes, and housing for vulnerable populations; workforce accommodation camps (boligrigger) for construction, energy, and industrial projects; and cassette formwork systems — positioned as Norway's most sold formwork solution with 40+ years of production history. Manufacturing is executed through wholly-owned Module Tech Estonia using CNC technology for precision welding and C4-quality paint finishes; the company also holds the patented Flexlock 1500 container lock system (SSF 1051 Class 5 certified).

Algeco serves a diversified customer base spanning government municipalities (Oslo Kommune, Tromsø International School, Nannestad Municipality, Tjelidsund Municipality), healthcare operators (Lillehammer Helsehus, Sjukehuset Nordmøre og Romsdal), industrial and energy companies (Equinor Mongstad, Morrow Batteries, Stangeland Maskin), railway infrastructure (Bane NOR), and commercial hospitality (Sure Hotel Trondheim Airport by Best Western). Notable project executions include 15,500 m² of school buildings delivered to Oslo Municipality, 400+ modules delivered in 8 weeks for Equinor Mongstad, Sweden's largest construction accommodation facility scaled to 1,400 persons, and a 102-module hotel built in 70 days.

The business operates a hybrid revenue model combining recurring rental streams (containers, modular buildings, warehouse hotels billed monthly or via multi-year contracts) with one-time sales of new and used equipment, supplemented by project assistance services covering building applications, fire safety, energy calculations, and ventilation management. Distribution is direct enterprise field sales through nine regional Norwegian offices plus sister operations in Sweden, Denmark, and Finland, with no third-party resellers. Pricing is not publicly disclosed; both rental and purchase options are available across the full product range. The company employs 251–500 people and was formed in its current structure following Algeco's 2019 acquisition of Malthus Uniteam.

Name

Algeco Nordic

Legal name

Algeco

Website

https://algeco.no

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

Algeco Nordic is a Norwegian modular space and container solutions provider, serving municipalities, energy companies, healthcare operators, and industrial clients across the Nordic region with modular buildings, ISO containers, workforce accommodation camps, and formwork systems, operating as part of Modulaire Group.

Ownership category

akta.pro rank

Headquarters

HQ city

Sandnes

HQ country

Norway

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Container and Module Rental: Rental of containers and modular buildings for short-term and long-term needs. Containers available in various sizes for storage, accommodation, offices, and specialized purposes. Modules offered for schools, kindergartens, healthcare facilities, offices, and accommodation camps.
2. Container and Module Sales: Sale of new and used containers, modular buildings, and formwork equipment. Both purchase and rental options available for all product categories.
3. Project Assistance Services: Technical documentation, building applications, fire safety documentation, energy calculations, ventilation management (OVC), and work environment plans for projects.
4. Warehouse Hotels (Lagerhotell): Storage solutions at various locations across Norway including dry storage and cold/freeze storage facilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Algeco Nordic supplies modular buildings (schools, kindergartens, offices, nursing homes, healthcare facilities), standardized and specialized containers (ISO containers, storage, environmental, insulated, cold storage, blast freezer), workforce accommodation camps, and cassette formwork systems across the Nordic region. The company provides both rental and purchase options, supplemented by project assistance services including technical documentation, building applications, fire safety documentation, and energy calculations, along with subscription-based warehouse hotel storage services.

Product overview

Algeco Nordic is a modular building, container, and accommodation solutions provider operating across the Nordic countries (Norway, Sweden, Finland, Denmark). The company offers a comprehensive portfolio organized into four main product categories: (1) Containere og vogner (Containers and Vehicles) including standard storage containers (6ft-40ft), ISO containers (10ft-40ft), specialized containers (environmental, insulated, HSE, refrigeration/freezer, blast freezers, tire containers), warehouse hotels, and container modules; (2) Modulbygg (Modular Buildings) encompassing schools, offices, nursing homes, kindergartens, and housing for vulnerable populations (BFV); (3) Boligrigger og brakker (Accommodation and Camp Solutions) providing complete workforce housing and camp facilities for construction and industrial projects; and (4) Forskaling og byggutstyr (Formwork and Construction Equipment) featuring cassette formwork systems as Norway's most sold formwork solution. Additional services include project assistance, supplementary facilities, insulation services, and a secondhand market. The company also operates in sectors including healthcare, education, festivals, construction, industry, and storage. Algeco is part of Modulaire Group and includes subsidiaries such as Uniteam and Module Tech Estonia.

Differentiator

Problem solved

Functional benefit

Brands

• Algeco News: Magazine and news source featuring interviews from the modular building industry.

Products and services

• Modular School Buildings
• Modular Office Buildings
• Modular Kindergartens
• Modular Nursing Homes
• Housing for Vulnerable Groups (BFV)
• Accommodation and Camp Solutions (Boligrigger og brakker)
• ISO Containers (10ft, 20ft, 40ft)
• Cold Storage and Blast Freezer Containers
• Environmental Containers
• HSE Containers
• Insulated Containers
• Tire Containers
• Steel Container Modules
• Cassette Formwork Systems
• Warehouse Hotels (Lagerhotell)
• Project Assistance Services
• Secondhand Market (Bruktmarked)

Quantifiable outcome

• 15,500 m² school buildings delivered to Oslo Municipality, 1,800 m² to other municipalities
• +3 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered major, core and minor.

• TOMA/Albatross CampsmajorStrategic or Co-development Partner · 1 January 2023Partnership for Eyde House project at Eyde Energipark. Albatross Camps provides professional Korean kitchen operation including four meals per day, complementing Algeco's accommodation solutions.
• Motek ASmajorStrategic or Co-development Partner · 1 January 2018Collaborative development of container concepts for Motek's tool storage solutions. Algeco customized 10 and 20 foot containers with metal shelves, electrical outlets, lighting, and electronic locking systems. Nearly 200 containers delivered with varying configurations.
• Modulaire GroupcoreStrategic or Co-development PartnerParent company of Algeco. Modulaire Group is the global leader in modular space and accommodation solutions. Algeco Nordic operates as part of Modulaire Group which also includes Uniteam and Module Tech Estonia.
• UniteamcoreStrategic or Co-development PartnerPart of Modulaire Group alongside Algeco. Algeco was formerly known as Malthus Uniteam. Uniteam specializes in modular solutions.
• Module Tech EstoniacoreTechnology or IntegrationManufacturing supplier for Algeco's modular buildings. Located in Estonia, Module Tech produces prefabricated building modules using advanced CNC technology for extreme precision in welding, grinding and details.
• Modultech (Estonia)coreOEM/ Whitelabel/ Licensing PartnerSupplier of prefabricated building modules for Algeco. Factory-produced modules at Modultech were used for Sure Hotel Trondheim (102 modules, 126 rooms) built in 70 days.
• Ausco Modular (Australia)minorStrategic or Co-development PartnerAlgeco's sister company in Australia. Partnership through AFL Rapid Deployment Changeroom Partnership providing modular solutions to Australian Football League clubs in need.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Portakabin: UK-headquartered modular building specialist providing portable and permanent modular buildings (schools, healthcare, offices) for rent and sale across Europe. Directly competes with Algeco for large public-sector and commercial modular tenders.
• Containex: European supplier of modular containers, sanitary containers, and office containers for rental and sale. Directly overlaps with Algeco's container and ISO container product lines across the Nordic market.
• Containerbau: German manufacturer of custom and standard containers, modular buildings, and container-based accommodation. Overlaps with Algeco's accommodation and modular building offerings for European industrial and public-sector customers.
• Mobile Mini: Leading European and North American portable storage container rental specialist. Direct competitor to Algeco's storage and warehouse hotel business, with comparable subscription-based rental economics.

Broad incumbents

• WillScot: North American leader in modular space and portable storage with a large rental fleet of mobile offices and storage containers. Comparable operating model — primarily rental-based modular space — at much larger scale, often cited as a benchmark for the industry.
• Modulaire Group: Parent company of Algeco Nordic and the global leader in modular space and accommodation solutions. Owns Uniteam, Module Tech Estonia, and Ausco Modular, providing Algeco Nordic with manufacturing, fleet, and cross-border capability.
• Cramo: Nordic and European construction equipment and modular space rental company. Competes with Algeco's formwork equipment rental fleet and adjacent modular offerings in the same construction and infrastructure customer base.
• ATCO Space & Rentals: Canadian provider of modular space, workforce accommodation, and portable storage solutions. Sister company to Algeco via Modulaire Group's broader ecosystem; comparable in workforce housing and remote-site modular delivery.

Others

• Uniteam: Sister company under Modulaire Group, focused on modular building solutions for industrial and emerging-market applications. Shares design IP and supply chain with Algeco Nordic and is closely comparable on product portfolio.

Regional players

• Ramirent: Nordic construction equipment rental company (now part of Boels). Competes with Algeco's formwork and site facilities rental in the same Nordic construction and infrastructure customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/algeco-norway

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Algeco Nordic