The two companies specialized in engineered heavy lifting and transport have just announced the signing of an agreement for the acquisition of ALE by Mammoet.
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 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.”
The closing of the transaction is subject to approval of the relevant competition authorities. Until then, the two companies will continue to operate strictly independently.