ALE acquisition to proceed
Mammoet has confirmed that the its discussions with ALE have resulted in a deal being agreed for the Dutch heavy lift company to acquire UK based heavy lift and transport specialist ALE.
The move follows the announcement earlier this month that the two companies were at an advanced stage of merger/acquisition talks
. The deal announced today still depends on the approval of the relevant competition authorities and may take a while. Until then the two companies will continue to trade independently as competitors.
Mammoet chief executive Paul van Gelderv 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 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.”
Mark Harries, group managing director of ALE added: “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.”