French giants the Altrad Group has agreed on a deal to acquire and take over the scaffolding and construction product suppliers Actavo Hire & Sales.
The Altrad Group has announced that on the 5th August 2021 it struck a deal to acquire Actavo Hire and Sales from the Actavo Group for an undisclosed sum.
Actavo Hire and Sales, which is based in Wakefield, West Yorkshire, has twenty-six Hire & Sales branches in the UK and four branches in Ireland. They offer a wide range of specialised scaffolding and building equipment for hire and sales.
Ran Oren Altrad Group Co-CEO said: “This acquisition sees our first venture into Ireland as well as extending our product offering and service in the UK.
I am pleased to welcome Actavo Hire & Sales into the Altrad Group and we look forward to the next chapter building on the previous success of the company as part of the Altrad Group.”
Founded in 1985, France headquartered Altrad Group has over the years rapidly expanded through a series of strategic acquisitions to provide industrial services and scaffolding solutions.
The Group employs around 42,000 people worldwide and owns established international brands including Cape, Hertel and Prezioso Linjebygg.