Ad
Wednesday, January 22, 2025
2.6 C
London

U.K. Edition

SIG sells Beaver84 scaffolding

- Advertisement -

SIG has sold Beaver 84, its UK scaffolding and fencing sale and hire operation, to Altrad Group.

The sale is effective immediately.

Altrad is a privately owned French manufacturer, hirer and distributor of scaffolding equipment with annual revenues in 2010 of about €415m (£372m) and subsidiary operations across Europe, Africa, Asia and America. The acquisition of Beaver 84 marks its intention to grow in the UK scaffolding market.

“SIG maintains an active portfolio review process to assess the fit with other parts of the group and SIG’s ability to grow and develop each business going forward,” said strategic development director Andrew Greenaway. “Following this review we believe that Beaver 84 has greater potential for growth within the Altrad Group, who as one of Europe’s largest scaffolding businesses, are better positioned to take Beaver 84 forward in its chosen markets.”

Via: construction index
- Advertisement -

Popular this week

Hong Kong Scaffolders Defend Bamboo After Calls to Switch to Steel

Industry leaders in Hong Kong have dismissed suggestions that...

Construction Industry Faces Second-Highest Workforce Shortage in the UK

The construction sector is grappling with one of the...

Construction Growth Slows as Uncertainty Looms

The UK construction industry’s recovery slowed in December, with...

Building Costs Set to Surge by 17% Over Five Years

The cost of building projects is forecast to rise...

PERI Achieves Top-Tier Gold Status to Streamline Procurement Processes

PERI UK has reached a significant milestone by qualifying...
- Advertisements -
- Advertisement -

Topics

Construction Industry Faces Second-Highest Workforce Shortage in the UK

The construction sector is grappling with one of the...

Hong Kong Scaffolders Defend Bamboo After Calls to Switch to Steel

Industry leaders in Hong Kong have dismissed suggestions that...

Building Costs Set to Surge by 17% Over Five Years

The cost of building projects is forecast to rise...

Related Articles

Popular Categories