Giant Altrad grows again: the deal with industrial services specialist Cape now finalised
In the UK, Altrad’s trail of acquisitions include major players such as Baromix, Belle Group, Beaver 84, NSG, Generation Hire & Sales, MTD Scaffolding, Trad and Hertel.
Founded in 1985, French headquartered Altrad has rapidly expanded through a series of strategic acquisitions to provide industrial services and scaffolding solutions. In the recent years, Altrad has already handled significant and successful acquisitions: Hertel in June 2015, and Prezioso Linjebygg in May 2016. The group, which now employs 40,000 staff, has grown again, as the Cape board recommended the takeover bid to shareholders.
Mohed Altrad, owner and CEO of the Altrad group, recently said: “We are very pleased to announce this acquisition that is fully aligned with our growth strategy, to become the world leader in the provision of industrial services, scaffolding solutions and light construction equipment in the civil and industrial sectors. Both companies have strong complementarity in geographic and product mix, and this will enable the creation of a multi-disciplinary industrial services leader in key markets around the world”.