Paragon sells Condecta to Swiss Life Asset Managers.

Condecta, founded in 1959 and headquartered in Winterthur (www.condecta.ch), is the market leader for modular systems in Switzerland. Over the years, Condecta has developed from a diversified construction equipment rental company into the undisputed market leader for modular systems in Switzerland. The company operates a nationwide network of 14 locations in Switzerland as well as additional locations in Germany and Italy. Condecta’s current range of products and services includes the sale and rental of modular space systems, sanitary systems, water protection systems and equipment for the construction sector.

Under the ownership of Paragon, Condecta has undergone a strategic realignment. The carve-out from the Arbonia Group was completed; with the support of Paragon, the team led by Olivier Annaheim and Mario Hrastnig has increasingly focused on its modular systems division, in particular modular space systems, and has consistently invested in this area. Today, Condecta is excellently positioned to tap into further growth in this attractive market.

Olivier Annaheim, Condecta’s CEO, 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 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.”

Marco Attolini, Senior Partner at Paragon, adds: “We thank the Condecta management team for the successful and trusting cooperation and congratulate them on the successful implementation of the growth strategy to date.”

About Paragon
Founded in 2004, Paragon is one of the leading private holding companies in the DACH region. Paragon works closely with its portfolio companies to achieve sustainable growth and operational excellence. Paragon’s portfolio covers various industries and currently consists of 12 companies. The firm is headquartered in Munich, Germany, and has more than EUR 2.4 billion of equity under management. For more information about the firm, please visit www.paragon.de/en.