Ausco strengthens education focus with acquisition of NET Modular
Ausco Modular (Ausco), the leading modular hire and manufacturing business in Australia, today announces the acquisition of Net Modular (NET).
NET, which specialises in the manufacturing and servicing of premium modular buildings for schools, has held contracts with the New South Wales (NSW) Department of Education and Public Works for over 30 years. This acquisition further strengthens Ausco’s position in the Education sector in Australia. NET has approximately 70 employees and 2019 revenues of c.$75m.
Anthony Walsh, Managing Director of Ausco, said: “The acquisition of NET is a perfect strategic match for Ausco. It strengthens our presence in the Education sector and enhances our capabilities in NSW.
“I am delighted that the NET team will remain and continue to lead and develop the business.”
Ian Doherty, General Manager of NET, said: “We are delighted to be joining the Ausco team. Our client will continue to benefit from our best-in-class service delivery and quality, in addition to gaining access to Ausco’s broader product and innovation capabilities.”
About NET Modular
NET is based near Newcastle in New South Wales. It has a 30-year history of building and maintaining high quality modular buildings for education across NSW.
About Ausco Modular
Ausco, part of Algeco, is a leading national provider of modular and transportable buildings for temporary and permanent uses. With over 13,000 hire buildings, four manufacturing facilities and 16 branches, we have worked alongside customers for the past 50 years across a range of sectors including education, sports and recreation, government, mining and resources, building and construction, commercial, and industrial.
Algeco is Europe and Asia Pacific’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn.
We deliver for our customers, wherever, whatever and whenever the need. We are:
- Available: wherever the project, big or small, we can deliver anywhere.
- Adaptable: whatever the customer’s need – space, furniture, equipment, connectivity – we provide turnkey solutions.
- Reliable: whenever we are required, we have the expertise to get it right first time.
Headquartered in London, Algeco has operations in 22 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodation rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, Ausco in Australia, Portacom in New Zealand and Algeco Chengdong in China.
For further information:
Rachel McKay: firstname.lastname@example.org, 0427 345 566