Altrad continues its mass expansion with the completion of its acquisition of Muehlhan’s oil & gas business in Denmark and in the UK.
The deal, which was completed on 31 December 2021, marks another milestone in Altrad’s development, whereby it invests in businesses that share its excitement, vision and values to offer enhanced value to its clients.
Altrad’s CEO for the UK, Ireland & Nordics – Padraig Somers said, “We are delighted to welcome the Muehlhan businesses into the Altrad family. The acquisition makes a perfect addition to our business – it supports the repositioning of our offshore business by adding scale and capability, it enhances our relationship with a number of strategic clients and allows us to extend our geographic footprint into Denmark.”
Pleasingly, this arrangement will encompass approximately 750 talented people joining Altrad, wherein they will be valued and encouraged to develop fulfilling careers, to become the best they can be.
Peter Hughes, Director of Business Development & Strategy added, “This latest acquisition represents another step in the repositioning of Altrad’s upstream business – aligning with the objectives of our 2026 strategy – which will see Altrad transition into a business that is 75% larger than it is today, by 2026.”