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Demonstrates Company's Modular Market Leadership in Mexico
Baltimore, Maryland and Monterrey, Mexico - January 3, 2007 - Williams Scotsman International, Inc. (NASDAQ: WLSC) announces the acquisition of approximately 80 mobile office and section modular units from the TIP de Mexico S. de R.L. de C.V. division of GE Equipment Services. The deal, which closed December 20, is intended to support fleet deployment strategy in the growing Mexican market, including oil and gas exploration, production, and distribution sectors.
In early 2006, Williams Scotsman acquired American Homes International, adding nearly 300 mobile offices and storage units. The latest acquisition puts Williams Scotsman's Mexico fleet inventory at approximately 800 units.
"We are enthusiastic about the recent addition of units to our Mexico fleet. In such a fragmented market, this deal underscores our dedication to efficiently grow our fleet to best serve the demand for temporary space as well as the permanent needs of the Mexican commercial construction market," commented Mark Delaney, Regional Vice President for Williams Scotsman Mexico.
Williams Scotsman of Mexico completed its largest customized modular project at the Burgos Gas Fields in Northern Mexico for Grupo Industrial Faja de Oro, S.A., the general contractor hired by PEMEX. Within sixty days of signing the contract, Williams Scotsman delivered forty-one mobile units to PEMEX camps, outfitted with dormitories, kitchens, game rooms, and exercise facilities. The project requires the mobile units to be relocated from drill site to drill site over a lease period of two years. The relocatable campsite trailers enable Faja de Oro to successfully ramp up operations to provide PEMEX with critical services. Williams Scotsman's quick order-to-occupancy and turn-key building solutions allowed the project to be completed on time and within budget. More recently, Williams Scotsman delivered and installed a customized 10 section modular building, totaling 5,280 square foot (492 m2) for the Sonora Government and Banjercito to assist automobile travelers with permits as they enter Mexico. The job was completed on time in 69 days.
About Williams Scotsman International, Inc.
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