Portakabin has acquired healthcare modular specialist Darwin Group.
Telford-based Darwin has 200 employees and a saw turnover of £80 million in 2022.
Both firms agree combining the modular knowledge, scale and financial strength of Darwin with York-headquartered Portakabin will be of greater benefit to healthcare clients.
With Portakabin adding the “highly strategic acquisition” serves its long-term ambitions to address the growing demand for temporary and permanent building solutions across Europe.
“This union between two of the most respected offsite modular builders in their respective fields is an exciting development for both Portakabin and Darwin Group,” said Dan Ibbetson, Portakabin CEO.
“We are both passionate about providing the healthcare sector with the most comprehensive range of market-leading products and services, particularly given the considerable pressures on our healthcare professionals today.”
Darwin CEO, Richard Pierce, added: “An incredibly strong culture runs through the DNA of both businesses, and our commitment to delivering quality healthcare facilities allowing clinicians to enhance patient care makes this a natural fit. We are truly excited to start working together to continue delivering outstanding buildings for our customers.”
Portakabin was advised by:
- Stephens (Corporate Finance)
- Addleshaw Goddard (Legal)
- KPMG (Financial and Tax)
Darwin was advised by:
- Deloitte (Corporate Finance)
- DLA Piper (Legal)
- PwC (Tax)
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