Swiss Life Asset Managers is acquiring Condecta Ltd. from Paragon Partners on behalf of one of its infrastructure funds. Condecta is a pioneer in the field of modular construction in Switzerland. Under its new ownership, Condecta is planning to expand its geographical presence and range of products.
Swiss Life Asset Managers is an international asset manager and leading real asset investment specialist in the property and infrastructure sector. The company has concluded a binding agreement for a full takeover of Condecta Ltd. on behalf of one of its infrastructure funds. Condecta Ltd. is the Swiss market leader for state-of-the-art modular space solutions, container systems, sanitation systems, construction machinery,
construction equipment and wastewater treatment systems.
Condecta was founded in 1959, and its head office is in Winterthur, Switzerland. Its space systems can be put to a wide range of uses, including as production or storage facilities, offices and administration buildings, or venues for training courses or company crèches. They can also be used as exhibition or retail spaces, temporary or permanent accommodation, medical treatment and housing facilities, takeaways or canteens. Other applications include workshops and processing facilities, sports venues and changing rooms. The company additionally offers a SAFE range with practical solutions for the proper storage of flammable or water-polluting materials.
Swiss Life Asset Managers intends to expand Condecta’s current presence and product portfolio, both domestically and internationally. Its extensive network of locations in Switzerland, Germany and Italy is set to remain, and all 220 employees are being kept on. Equally, no changes are being made to Condecta’s management team. All parties agreed not to disclose the sale price.
“The Swiss market for modular space rental solutions has potential, particularly in the fields of public services, industry, construction, architecture and the private sector, which all require high-quality, modular building solutions. Condecta, which is known for the premium Swiss quality of its products, is well-placed to meet the rising demand for such solutions,” said Gianfranco Saladino, Head Value-Add Infrastructure at Swiss Life Asset Managers.
Matthew Dooley, Investment Director, at Swiss Life Asset Managers adds: “Condecta complements Swiss Life Asset Managers’ extensive real estate and infrastructure business in Switzerland. It is also a company that invests in research and development in order to create innovative and sustainable products, and help protect the environment. We are looking forward to the future possibilities for driving innovation and developing our business.”
Oliver Annaheim, CEO of Condecta, comments: “The management team of Condecta is excited. We look to the future with great entrepreneurial enthusiasm. With Swiss Life Asset Managers, we have found the perfect new owner to drive our growth and innovation plans even more decisively and to further expand our market leadership in modular space solutions in Switzerland. With our versatile solutions in industry, public sector, events, and construction, we are confident in continuing to provide exceptional customer value and growing together with our partners.”
About Swiss Life Asset Managers Infrastructure Equity
Swiss Life Asset Managers is an ambitious and reliable asset manager and leading real asset investment specialist with locations in Switzerland, France, Germany, Luxembourg, the UK, Italy and the Nordics. Its “real assets” division, which comprises properties and infrastructure, manages investments with a total value of around CHF 117.5 billion. Swiss Life Asset Managers’ Infrastructure Equity Platform, founded in 2011, manages assets with a volume in excess of EUR 10 billion for its clients and partners. The team is made up of 65 investment specialists with an average of 20 years of senior-level experience in the sector. The platform has made 75 infrastructure investments in 15 different investment solutions in the energy, communications, transport, regulated utilities, social infrastructure and renewable energy sectors.