Netherlands-based heavy lifting and transport specialist Mammoet has today announced that it has signed an agreement to acquire leading UK-based rival ALE.
News that the two were in talks first broke in the first week of July. The deal is subject to approval from the relevant competition authorities, but industry insiders do not expect that to be a significant obstacle.
Speaking today, Mammoet CEO Paul van Gelder said: “We are very happy with this agreement. Mammoet and ALE complement each other in geographical presence on all continents. Together, we have a well-balanced portfolio of activities worldwide. This enables us to improve our service proposition and create synergies, as we are able to mobilize equipment and personnel swiftly anywhere.”
He continued: “Last but not least, Mammoet and ALE both have a strong legacy in innovations which, once combined, will enable us to grow as a technologically leading player.”
Mark Harries, Group Managing Director of ALE added that the prospect of two such innovative companies joining forces was very exciting. “We both have shaped the profession of heavy lifting and transport through numerous innovations in the past decades.”
Until competition authority approvals are obtained, Mammoet and ALE will continue to operate independently. The full official statement can be viewed here:
Mammoet has been at the top of the International Cranes and Specialized Transport magazine’s ranking of the world’s largest crane-owning companies since the launch of the league table, now in its 24th year. In recent years ALE rose rapidly to third place in the table. Combining the equipment fleets of both companies will make the new entity’s lifting capability close to double that of its nearest competitor, Sarens.
Mammoet is currently understood to employ around 5,000 people worldwide and is owned by SHV, a privately held Dutch investment company. ALE is a private company headquartered in the UK. According to the latest accounts at the UK’s Companies House, ALE UK Holdings turned over £193 million in the year to the end of March 2018 and employed just over 1,350 people.