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Industrial services giant Altrad has completed its acquisition of Norwegian company Beerenberg AS, strengthening its presence in the region and expanding its global reach.
The deal, described as a significant step in Altrad’s growth strategy, brings together two companies with shared values and a commitment to providing innovative solutions for their clients.
Altrad’s Co-CEO, Ran Oren, said the acquisition would bolster the group’s operations in Norway and beyond.
“We’re thrilled to have finalised this latest acquisition, which adds strength and depth to our activities,” he said. “By combining Beerenberg’s expertise with Altrad’s resources, we’re aiming to deliver even greater value for our clients.”
Beerenberg, known for its engineering, insulation, and surface treatment services, has built a strong reputation in the industry. Its CEO, Arild Apelthun, said the deal would open new opportunities for the business.
“This is an incredibly exciting moment for Beerenberg,” he said. “Becoming part of one of the most successful industrial services groups in the world will allow us to grow and continue serving our clients, partners, and employees to the best of our abilities.”
Altrad’s acquisition of Beerenberg marks another milestone for the French-headquartered company, which has a history of investing in businesses that align with its vision.
The integration of Beerenberg into the Altrad Group is expected to enhance the services both companies offer, creating a more comprehensive portfolio for their customers.
The deal underscores Altrad’s strategy of partnering with businesses that complement its operations as it continues to expand its global footprint and set industry standards for quality and innovation.
