Parmaco Group Oy, the leading Finnish rental school and day care provider, acquires Fixcel Group Oy, an innovative Finnish modular builder specialized in advanced steel cell structures. The acquisition of Fixcel provides Parmaco the opportunity to further increase its market leading presence in the Nordic social infrastructure market and facilitates an entry into the healthcare segment. The merged companies will be the largest supplier of modular social infrastructure rental spaces in Finland.

The steel cell frame used in Fixcel’s buildings enable good fire protection, clean indoor air, and unprecedented modular multistorey applications of up to 8 stories high. Fixcel has so far built over 30,000m2 of public spaces, including the largest modular building in Finland, the 8,500m2 Maatulli elementary school in Helsinki, and the pediatric hospital in Seinäjoki. Fixcel’s buildings are recyclable and have low energy consumption rates and long lifespans. The carbon footprint of its buildings will be lowered even further when carbon-free steel hits the market, which is expected in 2026.

HLP acted as financial advisor to Fixcel and its owners in the transaction.

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