Altrad has announced the successful acquisition of Aberdeen-headquartered Sparrows Group, which concluded on 11 July.
“We are a people business and being part of the Altrad Group delivers even more opportunities for our people to develop fulfilling careers. Co-CEO Ran Oren said: “We are delighted to welcome Sparrows and its 2,000 strong team into the Group. As the world’s leading lifting and handling specialist its level of technical expertise and experience is an extremely valuable addition to our capability. Sparrows provides engineering, inspection, operations and maintenance services to the offshore energy and industrial sectors.
Altrad has added a further 2000 new employees to the business after the successful acquisition of the Sparrows Group, which was concluded on 11 July 2022.
Over the last 12 months, Altrad has completed a significant number of acquisitions, adding over €1.4 billion to its turnover worldwide. We are a people business and being part of the Altrad Group delivers even more opportunities for our people to develop fulfilling careers. Ran Oren, Altrad’s Co-CEO said: “We are delighted to welcome Sparrows and its 2,000 strong team into the Group. As the world’s leading lifting and handling specialist its level of technical expertise and experience is an extremely valuable addition to our capability.
59 minutes Altrad has completed the acquisition of Sparrows Group. Sparrows Offshore has now become Altrad Sparrow. It will be run autonomously by its ...
We are a people business and being part of the Altrad Group delivers even more opportunities for our people to develop fulfilling careers. We are committed to investing in Sparrows to support its continued growth so together we can play our part in supporting industry to ensure safety and transition towards a more sustainable future.” Sparrows chief executive Stewart Mitchell added: “This is a pivotal moment for Sparrows. The acquisition presents many advantages for us and our clients as we continue on our growth trajectory.