Mammoet has confirmed that it has signed an agreement to acquire UK-based competitor ALE.
On July 8, HLPFI broke the news that Mammoet was in advanced talks to acquire the UK-based transport engineering specialist.
Closing of the transaction is subject to approval of the relevant competition authorities.
Paul van Gelder, ceo of Mammoet said: “We are very happy with this agreement. Mammoet and ALE complement each other in geographical presence on all continents. 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 mobilise 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.”
While consolidation has been a common feature of the multipurpose shipping sector for many years, this would be the first time a merger of this scale has taken place between specialised transport engineering firms.
A joint Mammoet-ALE entity would result in an organisation that HLPFI estimates to be almost double the size of its nearest competitor, Sarens.
Stay tuned for more information.