Ad
Thursday, October 9, 2025

Altrad Bids £332 Million to Buy Cape

ADVERTISEMENT

Altrad Investment Authority said on Friday it had agreed to buy industrial services company Cape Plc for about £332 million pounds in cash.

The merger would create a “multidisciplinary” industrial services company operating in a wider range of markets, Altrad said in a statement.

In the UK, Altrad’s trail of acquisitions include Baromix, Belle Group, Beaver 84, NSG, Generation Hire & Sales, MTD Scaffolding, Trad and Hertel.

Altrad
Mohed ALTRAD

Mohed Altrad, Chairman of the Altrad Group, said: “We are very pleased to announce this proposed acquisition that is fully aligned with our growth strategy, to become the world leader in the provision of industrial services, scaffolding solutions and light construction equipment in the civil and industrial sectors.

“Altrad and Cape have strong complementarity in geographic and product mix enabling the creation of a multi-disciplinary industrial services leader in key markets around the world.

“We believe the proposed acquisition can bring together our respective strengths to create a powerful global platform with a strong competitive edge to meet customers’ requirements.”

Founded in 1985, French headquartered Altrad has rapidly expanded through a series of strategic acquisitions to provide industrial services and scaffolding solutions.

 

ADVERTISEMENT

Popular Categories

Latest news

The magazine

Issue 27 | Past issues >>

Popular

ScaffChamp 2025: Teams Gather in Vilnius for Opening Day

The international scaffolding competition ScaffChamp 2025 has officially begun,...

Construction starts slump as housing confidence falters

The UK construction industry is facing renewed decline, according...

Ethiopia church scaffolding collapse kills at least 30

At least 30 people have died and more than...

Storm Amy set to hit UK with severe winds and rain

The UK is bracing for Storm Amy, the first...

National Scaffolding Week 2025 launches to celebrate industry’s people and skills

National Scaffolding Week 2025 has officially launched, shining a...

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

PERI UP system supports cladding remediation at Hilton Hotel

The Hilton Hotel in Kingston upon Thames is undergoing...

Midland Scaffolding staff go the distance in charity challenge for Poppy

Midland Scaffolding Services (MSS) has raised an impressive £20,000...

AT-PAC names new UK MD as ScaffEx25 showcases national ambitions

After unveiling a wave of new systems at Bauma...

ScaffEx25: An Industry Comes of Age in Manchester

Two days in September that showcased not just where...
- Advertisement -