Montpellier: the Altrad group finalizes the acquisition of the activities of the British Stork

Mohed Altrad, président fondateur du groupe éponyme basé à Montpellier, poursuit ses emplettes afin de continuer à faire grossir un groupe qui réalise 5,3 milliards de chiffre d'affaires.es Midi Libre – MICHAEL ESDOURRUBAILH

Le groupe montpelliérain poursuit sa stratégie de croissance externe et met la main sur un groupe spécialisé dans solutions intégrées et innovantes, allant de l’exploitation des sites et de leur maintenance.

The Altrad Group, chaired by Mohed Altrad, announces that it has completed the acquisition of Stork TS Holdings Limited, which owns the Stork UK group of companies. The latter, specializing in integrated and innovative solutions, ranging from the operation of industrial sites and their maintenance, to modifications and major shutdowns, has around 1 800 people for a figure of   rsquo;business of almost 210 million pounds sterling (the equivalent of almost 250 million euros).
The transaction is expected to close during the third quarter of 2024, upon receipt of regulatory approvals and other customary closing conditions. em>obtained. This acquisition, which is part of the traditional external growth strategy applied by Mohed Altrad, "marks a new important stage in the development of Altrad, which invests in companies and activities sharing his enthusiasm, his vision and his values, as well as his desire to bring real added value to his clients.

"A fantastic opportunity"

John Walsh, Altrad Managing Director for UK, Ireland, Nordics and Poland, welcomes "d&amp ;rsquo;welcome Stork UK to the Altrad"family. This acquisition represents, according to him, "a fantastic opportunity to expand our portfolio of services in the offshore sector in the United Kingdom, while improving the results we strive to achieve for our clients.

As for  Steve Hunt, regional director of Stork UK, he estimates that &quot ;our company will be well positioned to grow and develop at a sustained pace under this new shareholding". "We are confident that our collective capabilities, shared vision and values ​​will be attractive to all clients, our staff and the communities in which we work", he adds.