Tesya acquires modular building specialist

Photo: Tesya Group

Tesya Group, the parent company of Cat Rental Store CGTE, has acquired modular building specialist Strutture Srl. No financial details of the deal have been disclosed.

Headquartered in Alessandria in the northwest of Italy, Strutture also operates a depot just outside the Terni region in central Italy and a warehouse in the northwest area of Turin.

It offers sales and rental of a range of prefabricated modules and containers, including temporary offices, changing rooms, classrooms, homes, canteens, sanitary units and event structures.

Tesya said the acquisition is part of its expansion strategy aimed at further strengthening the position of its Rental Service division, which has “long been developing new business lines to meet the demands of a rapidly evolving market.”

It added that it aims to strengthen its role as an integrated supplier, able to offer “complete solutions to support companies in various sectors.”

Vincent Albasini, CEO of CGTE and Rental Service Companies of the TESYA Group, said, “The acquisition will allow us to support companies in the efficient management of their activities, thanks to a wide range of services that complement the rental activities.

“We continue with determination on our growth path in the Southern European market and aim to significantly increase the turnover of the Modular Constructions division in the construction, industry, events and public institutions segments.”

Tesya’s chairman and CEO Lino Tedeschi added, “This investment allows us to expand our portfolio and solidify our position as an integrated supplier, ready to meet the dynamic needs of an evolving market.”

Albasini, who joined the company from Avesco Rent earlier this year, told IRN in a recent interview that the company is aiming to “grow in different ways” through acquisitions and organic growth through depot expansion.

Sign up for daily insights and analysis from the global rental industry

Sign up