Adapteo, a major European provider of high-quality modular buildings for schools, healthcare, worker housing, and other essential uses, has secured €2 billion in investment-grade green financing.
The call for funding towards the company was in very high demand, with about three times more interest than was available.
Previously headquartered in Finland, now based in Sweden, the company says that across Europe there is an urgent need for modular infrastructure solutions that can supplant spaces like outdated school buildings, provide temporary accommodation, and meet growing healthcare needs.
The units also offer significantly reduced environmental impact, with up to 60% lower carbon intensity than newly built traditional buildings
The new funding will help Adapteo expand its modular building fleet and grow in areas where demand is highest, such as education, healthcare, and worker accommodation, while maintaining its focus on sustainability and its circular business model.
Adapteo’s flexible, reusable, modular units are meeting this demand by enabling social infrastructure providers to transform, repurpose, scale up, and scale down buildings in a matter of weeks – instead of months and years – using modular and circular building concepts.
The units also offer significantly reduced environmental impact, with up to 60% lower carbon intensity than newly built traditional buildings.
Johanna Persson, President and CEO of Adapteo, said: “This successful refinancing marks a pivotal moment in our growth journey and is a clear vote of confidence in both our sustainable strategy and long-term vision. We see a strong and growing demand for premium modular solutions across Europe, and this positions us to accelerate our expansion while staying true to our purpose: delivering strong performance with positive impact.”
The funding
The money comes from major infrastructure banks and investors in both Europe and the US, making Adapteo the first company in the European modular building sector to achieve an investment-grade credit rating.
The financing includes long-term multi-currency Green Private Placement Notes, Green Bank Loans, and Revolving Credit Facilities, all built on a new, flexible Common Terms Platform.
These are part of an industry-first Green Financing Framework, confirmed by independent auditor DNV to meet top international green financing standards.
Chief Financial Officer, Dan Levine, added: “The overwhelming response—alongside our industry-first investment grade rating—highlights the strength of our platform and financial foundation. This financing provides the funding to secure our future growth plans and to build on our market leading position.”