The move will create a single, consistent brand across the UK and Europe under the long-standing Algeco name.

The changes will be effective from 31st March 2022.

The combined UK business will be headquartered in Peterborough, with a total of 23 site locations throughout the country servicing its portable, modular building and offsite construction hire and sales activities.

John Campbell, Managing Director of Algeco in the UK, said: “Adopting the Algeco brand in the UK provides a link with our heritage, whilst also symbolising the transformation the UK business is currently going through as part of our group’s global ambitions. We have an exciting future ahead of us.”

He added: “The Algeco brand has solid foundations built on excellence, sustainability, innovation and collaboration. These elements are cornerstones of what we call our customer obsession – continually looking for ways to exceed expectations, deliver best-in-class service and develop sustainable futures for our customers and colleagues.”

Algeco and the Modulaire Group are owned by investment funds managed by Brookfield Business Partners L.P, which acquired the Modulaire Group in December 2021.