A new ternary van der Waals complex of the type rare gas-rare gas'-linear molecule, ArNe-N2O, was investigated using a pulsed molecular beam cavity Fourier transform microwave spectrometer. The rotational spectra of six isotopomers of the trimer were studied in detail. These include Ar20Ne-14N14NO, Ar22Ne-14N14NO, Ar20Ne-15N14NO, Ar22Ne-15N14N0, Ar20Ne-14N15NO and Ar22Ne-14N15NO. Nuclear quadrupole hyperfine structures of the rotational transitions that are due to the one or two 14N nuclei were resolved and analysed. The resulting spectroscopic constants were used to provide structural and dynamical information about the trimer. Based on the quartic centrifugal distortion constants, a harmonic force field analysis was performed to estimate the frequencies of the van der Waals vibrational modes. A perturbation of the electronic charge distribution at the site of the central 14N nucleus of N20 upon complex formation was detected and discussed. Differences of structural parameters of the trimer as compared to those of the respective dimer units are indicative of the presence of significant three-body non-additive contributions to the interaction energy.