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 โฌ415m (ยฃ372m) and subsidiary operations across Europe, Africa, Asia and America. The acquisition of Beaver 84 marks its intention to grow in the UK scaffolding market.
โSIG maintains an active portfolio review process to assess the fit with other parts of the group and SIGโs ability to grow and develop each business going forward,โ said strategic development director Andrew Greenaway. โFollowing this review we believe that Beaver 84 has greater potential for growth within the Altrad Group, who as one of Europeโs largest scaffolding businesses, are better positioned to take Beaver 84 forward in its chosen markets.โ