“This transaction represents an important milestone for Fixcel. Parmaco is the market leader for high quality, modular rental solutions and we are pleased that our technology will allow them to further enhance their offering. We will provide Parmaco with a foothold in the healthcare sector and look forward to helping more customers in this area of the social infrastructure market”, says Pekka Inkinen, CEO, Fixcel Group.

“I’m very happy to welcome Fixcel as part of the Parmaco family. Together we can broaden our offering to our clients in the social and healthcare sector. Fixcel’s steel cell technology opens new opportunities for international expansion as steel is a more common building material in central Europe than wood”, comments Ari Lehtoranta, acting CEO, Parmaco Group

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.

Back to transactions