Paris, 31 October 2007: Ristretto, the parent company of Algeco, is pleased to announce the completion of its acquisition of Williams Scotsman. As previously outlined, the former shareholders of Williams Scotsman will be entitled to receive US$ 28.25 per share in cash without interest.
About Algeco
Algeco operates the largest fleet of rental accommodations and storage facilities in Europe, 215,000 units including portable restrooms. Algeco provides accommodation, storage and welfare units to meet a comprehensive range of requirements that can be tailored to suit individual customer needs, serving customers in construction and infrastructure, industry, services and administration. The company operates in France, the United Kingdom (under the brand name of Elliott), Spain, Germany, Portugal, Italy, Belgium, Poland, the Czech Republic, Romania, Finland, Estonia, Lithuania, Slovakia, Luxembourg and The Netherlands.
About Williams Scotsman International, Inc.
Williams Scotsman International, Inc., through its subsidiaries, is a leading provider of mobile and modular space solutions for multiple industry sectors, including the construction, education, commercial, healthcare and government markets. The company serves over 30,000 customers, operating a fleet of over 121,000 modular space and storage units that are leased through a network of over 100 locations throughout North America and Spain. Williams Scotsman International, Inc. provides delivery, installation, and other services, and sells new and used mobile office products. Williams Scotsman International, Inc. also manages large modular building projects from concept to completion. Williams Scotsman International, Inc. is headquartered in Baltimore, Maryland with operations in the United States, Canada, Mexico, and Spain. For additional information, visit the company's web site at www.willscot.com.
