Dutch heavy lift and transportation specialist Mammoet has signed an agreement to acquire the UK-based heavy lift and transportation provider ALE.
Both companies are specialists in engineered heavy lifting and transport for sectors such as the petrochemical industry, renewable energy, power generation, civil construction, and the offshore industry.
“Mammoet and ALE complement each other in geographical presence on all continents,” Paul van Gelder, CEO of Mammoet, said.
”Together, we have a well-balanced portfolio of activities worldwide. This enables us to improve our service proposition and create synergies, as we are able to mobilize equipment and personnel swiftly anywhere. Last but not least, Mammoet and ALE both have a strong legacy in innovations which, once combined, will enable us to grow as a technologically leading player.”
The closing of the transaction is subject to approval of the relevant competition authorities. Until that time, Mammoet and ALE will continue to operate strictly independently.
No further details will be given until after the closing of the transaction, Mammoet said.
Mark Harries, Group Managing Director of ALE, said: “Mammoet and ALE share a strong ambition to be leading in the engineered heavy lifting and transport sector. Both companies have a strong track record and are renowned for their craftsmanship, innovations and fleet of equipment. We both have shaped the profession of heavy lifting and transport through numerous innovations in the past decades. The prospect of the two companies joining forces is very exciting.”