Organisation

Nordic Modular's business is conducted exclusively in the subsidiaries Temporent, Flexator and Nordic Modular Leasing. The role of the Parent Company is to coordinate and develop business outside of the subsidiaries’ current field of activity.

Nordic Modular - Relocatable buildings for professional customers

The structure we have chosen serves to define the business's different product ranges, business models and focus areas. There are currently three subsidiaries, each of which is responsible for its individual area of operation.

Temporent

Temporent rents out temporary modular units with a primary focus on offices, schools and preschools. The modular systems are sophisticated and offer the customer advantages over competing products on the market. Temporent has an active presence in Norway, Denmark and Finland via local subsidiaries.

Temporent’s organisation is divided between seven different offices and consists exclusively of salaried workers. The common management functions are distributed among four of the offices. The head office is located in Upplands Väsby. Construction and property services are procured from various regionally located contractors; most of which work for Temporent on a recurring basis.

Flexator

Flexator manufactures and sells everything from permanent, advanced buildings for professional purposes to site huts. The focus is on in-house designed relocatable buildings, offering cost benefits to the customers, so called catalogue buildings.

The majority of Flexator’s employees are skilled workers and the rest are supervisors and office staff at the three different factories and at the sales office in Upplands Väsby. The head office is located next to the factory in Anneberg.

Nordic Modular Leasing

Nordic Modular Leasing offers Flexator’s Swedish customers long-term leasing of relocatable buildings on certain conditions. Buildings under lease contracts terminated by the customer are rented out again or sold second-hand to new customers. The rental of residences in temporary modular layouts is run by the subsidiary, Hagtornet Modul AB.

Nordic Modular Leasing has no employees. The operation is administered by employees in other departments in other entities in the Group.

Management and the Parent Company

What is characteristic for Nordic Modular’s management is that the staff are active in one or more of the subsidiaries simultaneously. What is also characteristic is that operative coordination is limited to areas where obvious advantages can be gained. Coordination is more apparent in areas such as operation and business development.

The Parent Company's organisation consists of three employees, Managing Director, Chief Financial Officer and a Group Controller.

The administration consists of the Managing Director, the Chief Financial Officer, the Managing Director of Flexator, and the Managing Director and the Marketing Manager of Temporent. The Chief Financial Officer is simultaneously the Managing Director of Nordic Modular Leasing. The management is responsible for matters dealing with finance, coordination of activities and strategies for the subsidiaries as well as business development.

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