Mammoet and ALE have announced that the two companies are currently negotiating a purchase agreement, under which the Netherlands-based international heavy lift specialist Mammoet would acquire the UK-based rival.
Mammoet stated: “Should these discussions result in a signed agreement, the companies will seek approval from the relevant competition authorities. In the meantime, the companies will continue to act independently of each other, as competitors.”
At this point, Mammoet and ALE wish to refrain from publishing more details about their acquisition talks.
Mammoet is owned by SHV, a privately held Dutch investment company and employs around 5,000 people worldwide. The company has a fleet of SPMT’s totaling more than 3200 axle lines including over 1200 cranes with a maximum capacity of up to 5000t.
ALE is a private company headquartered in the UK with more than 40 offices worldwide, employing over 1,350 people. The heavy lift specialist has a fleet of over 100 cranes including large capacity based cranes as the AL.SK190 and the AL.SK350.