Altrad growth steadies in 2024 after multiple acquisitions
French engineering giant Altrad has recorded lower revenue growth in 2024 after completing multiple acquisitions in recent years of "transformative growth".
Altrad
Altrad bids for Norwegian oil and gas services firm Beerenberg
Altrad was founded in 1985 by billionaire "king of scaffolding" Mohed Altrad.
Altrad to buy Aberdeen-headquartered energy services firm Stork
Altrad, the French industrial giant, has announced it is acquiring Aberdeen-headquartered energy services firm Stork.
Altrad completes ‘year of integration’ following transformative growth
Engineering firm Altrad Group has surpassed €5.3 billion (£4.5bn) in revenue for the 2023 financial year, an increase of 38% on its 2022 results after two years of "transformative growth".
Sparrows take flight under a new name following takeover
The Aberdeen-based Sparrows Group has rebranded following the takeover by Altrad that was announced in 2022, the firm will now operate as Altrad Sparrows.
Altrad wins multi-million pound deal at SABIC petrochemical plant
Energy services firm Altrad has won a multi-million pound contract with Saudi petrochemicals firm SABIC at its Teesside complex in the UK.
Altrad signs £150m North Sea asset maintenance deal
Altrad has announced the award of a multi-million pound deal which will see it manage fabric maintenance for a major operator across its North Sea assets.
Sparrows top team to exit after Altrad takeover
The top executive team of Aberdeen-headquartered contractor Sparrows are to exit the business after a buyout from French engineering giant Altrad.
After taking on 6,000 people last year, Altrad looks to hire more
After a year of major mergers and acquisitions, engineering firm Altrad is looking to expand further in the coming months, says UK boss Paudie Somers.
Billionaire services owner Altrad convicted over rugby corruption
The billionaire owner of engineering services group Altrad has been found guilty of corruption charges in relation to his company’s sponsorship of the French national rugby team.
Production under threat at Mossmorran as workers balloted on strikes
Workers at a key Scottish chemical plant will take part in an industrial action ballot that could threaten production at the facility.
Altrad takes on 4,000 workers as it completes acquisition of Doosan Babcock
Altrad has announced it reached a financial close on its agreement to acquire Doosan Babcock.
Sparrows swoops for £50m North Sea crane contract
Engineering and maintenance group Sparrows has secured a £50 million contract with a “major UKCS operator” to provide crane management services across its operated assets in the North Sea.
Altrad takes on 2,000 Sparrows workers as acquisition closes
Altrad has announced the successful acquisition of Aberdeen-headquartered Sparrows Group, which concluded on 11 July.
Altrad lands ‘large contract’ with TotalEnergies for work on North Sea assets
Altrad has secured a multi-million pound contract to support the fabric maintenance of TotalEnergies’ (LON: TTE) offshore assets in the Danish North Sea.
Altrad to take on 4,000 workers as company strikes deal to buy Doosan Babcock
French industrial services giant Altrad has continued its acquisition spree by snapping up Doosan Babcock for an undisclosed fee.
2,000 workers to transfer as Sparrows Group bought by Altrad
Aberdeen-headquartered Sparrows Group is being bought by industrial services giant Altrad.
150 Aberdeen workers join Altrad as Muehlhan acquisition completes
Industrial services giant Altrad has completed its acquisition of Muehlhan’s oil and gas business in Denmark and the UK, with the changeover of 750 North Sea workers.
Altrad to add 1,000 UK staff as it eyes growth in 2022
Industrial services giant Altrad said a significant pipeline of work would see it expand its UK headcount next year, amid a North Sea staff resurgence and plans to continue a run of acquisitions.
Altrad secures 40 jobs with Serica Energy contract win
Altrad has announced a three-year North Sea contract win with Serica Energy, securing 40 jobs.
Altrad bags £24m contract with Shell for work in Southern North Sea
Industrial services firm Altrad has landed a multi-million pound contract with Shell for the provision of critical support services in the Southern North Sea.
Unite exploring statutory recognition process after discussions with Altrad prove ‘fruitless’
Unite is to ramp up its endeavours to secure a collective bargaining agreement for Altrad workers.
Altrad snaps up contracts worth £30m for work at major oil refinery
Industrial services giant Altrad has signed two long-term contracts with a major oil refinery on the east coast of England, worth an estimated £30 million.
Altrad boss sees light at end of tunnel as ‘painful’ 2020 nears end
A boss at industrial services giant Altrad Group said yesterday that 2020 had been a “painful” year for the business on a human level.
Altrad confident of long-term growth after ‘resizing’ exercise
Bosses at Altrad Group said today the industrial services giant remained “uniquely placed” to maintain its long-term growth momentum.