January 20, 2022 |
Tecno Fast, a modular construction company in Chile, said late Tuesday that it has acquired 100% of Spain's Alco Rental Services and entered a new market four months after breaking into the United States.
Santiago-based Tecno Fast, which makes and markets modular cabins, homes, hospitals, hotels, office buildings and other structures, said it agreed to pay €16.2 million ($18.4 million) for Esparreguera-based Alco, which was founded by the García family 55 years ago.
In September, Tecno Fast acqu
Chilean modular construction company pays $18 mln for Alco in Spain, following a deal in September to enter the US market