Mabey Hire Ltd, a prominent UK-based provider of construction solutions, has officially joined the PERI Group, a global leader in formwork and scaffolding systems.
The acquisition, announced today, signifies a strategic move for both companies, enhancing their ability to serve the construction industry with a broader range of services and products.
PERI, headquartered in Weissenhorn, Germany, is a family-owned enterprise with approximately 9,000 employees and a presence in over 160 locations worldwide. The company reported a turnover of €1.9 billion in 2023, underscoring its position as one of the leading manufacturers in the formwork and scaffolding sector.
Mabey Hire, based in Dewsbury, UK, is well-regarded for its innovative solutions in infrastructure and renovation projects. The company’s portfolio includes ground shoring for excavations, propping and jacking for renovation projects, temporary bridges for access, and construction sensors.
Employing around 400 people across 16 UK locations, Mabey Hire is a market leader in its field.
Integrating Mabey Hire into the PERI Group is set to foster synergies in culture, engineering expertise, and market reputation. Despite the acquisition, Mabey Hire will retain its current management, brand, and operational independence under the umbrella of PERI UK.
David Adams, CEO of Mabey Hire, expressed enthusiasm about the merger: “Becoming part of the PERI Group is an excellent opportunity to serve the needs of our customers better and, with PERI UK, offer them the best service possible. We look forward to expanding the business by serving more customers both in the UK and internationally.”
Ian Hayes, Managing Director of PERI UK, echoed this sentiment: “Together, we will work to achieve cross-selling opportunities to offer our customers an even broader range of infrastructure and renovation products and continue the drive always to provide the best possible service.”
Christian Schwörer, CEO of PERI Group, highlighted the strategic importance of the acquisition: “This acquisition marks an important milestone in our growth strategy to develop new market shares and areas in the civil engineering and renovation markets, especially in the UK but also internationally.”
The collaboration between Mabey Hire and PERI is anticipated to leverage both companies’ strengths, deliver enhanced value and service to their clients, and mark a significant step forward in the construction industry.
