Announced

Completed

Mammoet completed the acquisition of ALE.

Synopsis

Mammoet, a heavy lift and transport operator, completed the acquisition of ALE, a specialist in engineered heavy lifting and transport for sectors such as the petrochemical industry, renewable energy, power generation, civil construction, and the offshore industry. Financial terms were not disclosed. "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. 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,” Paul van Gelder, Mammoet CEO.

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