Ad
Thursday, September 25, 2025
17.7 C
London

The Voice of Scaffolding Since 2008  U.K. Edition

Altrad to Acquire Norwegian Industrial Firm

- Advertisement -

Altrad, a global leader in industrial services, has announced a voluntary cash offer to acquire all outstanding shares of Beerenberg AS, a prominent Norwegian provider of maintenance and modification services.

This strategic move aligns with Altrad’s ongoing efforts to expand its global footprint and enhance service offerings across various sectors.

The transaction, expected to close by the end of 2024, is contingent upon receiving regulatory approvals and meeting other customary conditions. Altrad’s Co-CEO, Ran Oren, expressed enthusiasm about the potential acquisition, highlighting Beerenberg’s strong management team and impressive industry track record.

We have admired Beerenberg from a distance for many years and have been impressed by the achievements of the management team and their talented people,” said Oren. “Our objective is to build on this success by adding investment, skilled people, innovative products, and a broader range of services to support their clients’ ambitions.”

Beerenberg, headquartered in Bergen, Norway, has been a key player in the maintenance and modification services sector for 47 years, particularly within the Norwegian Continental Shelf. The company also operates internationally, providing insulating products and a range of services throughout the petroleum industry’s lifecycle.

The acquisition will bring Beerenberg’s 2,350 employees into the Altrad Group, where they will be integrated into Altrad’s extensive global network, which spans more than 55 countries. The move is seen as an opportunity for Beerenberg employees to further develop their careers within a larger, more diverse organization.

Altrad, known for its multidisciplinary services and strong presence in the energy, power generation, oil & gas, and construction sectors, generated sales of €5.3 billion and an EBITDA of €674 million for the fiscal year ending 31 August 2023.

The proposed acquisition underscores Altrad’s commitment to investing in businesses that share its vision and values, further solidifying its position as a leader in the industrial services market.

- Advertisement -

Popular Categories

Latest Magazine

Most Read This Week

Scaffolding work pipeline shrinks as construction starts drop 22%

Construction project starts have collapsed 22% with contract awards...

AT-PAC accelerates European expansion with strategic German launch

Scaffolding specialist establishes key operations in Germany as part...

Scaffolding industry celebrates at Manchester awards night

The UK scaffolding and access industry gathered in Manchester...

ScaffEx25 sets new attendance record in Manchester

ScaffEx25 has smashed previous records, drawing nearly 2,400 visitors...

Scottish scaffolding apprentices to compete at ScaffChamp 2026

A team of young scaffolders from Scotland and Northern...

Related Articles

Altrad Teams Up with Leach’s to Boost Helmet Safety for Scaffolders

Altrad, one of the world’s leading industrial services providers, has collaborated with specialist supplier Leach’s to upgrade helmet safety for its scaffolding workforce. The partnership has led to the development of a new high-specification...
- Advertisements -

Latest Topics

Scaffolders voted UK’s toughest trade

Scaffolders have been crowned the UK’s toughest trade by...

Company fined after worker dies in six-foot scaffold fall

A Lancashire sign-fitting company and its director have been...

ScaffEx25 sets new attendance record in Manchester

ScaffEx25 has smashed previous records, drawing nearly 2,400 visitors...

Scaffolding makes historic debut at WorldSkills Ireland 2025

Young scaffolders showcase their expertise as the trade is...
- Advertisement -