Altrad acquires oil & gas business
By Euan Youdale11 January 2022
Altrad has acquired Muehlhan’s Oil & Gas business, which operates in Denmark and the UK, and includes scaffolding solutions as one of its services.
The transaction was completed on 31 December 2021. Around 750 people will join the Altrad group from Muehlhan as a result of the deal.
Altrad’s CEO for the UK, Ireland & Nordics, Padraig Somers, said, “We are delighted to welcome the Muehlhan businesses into the Altrad family.
“The acquisition makes a perfect addition to our business - it supports the repositioning of our offshore business by adding scale and capability, it enhances our relationship with a number of strategic clients and allows us to extend our geographic footprint into Denmark.”
Apart from the Oil & Gas segment, Muehlhan provides services in the construction, wind and marine sectors.
Peter Hughes, Executive Director of Business Development and Strategy at Altrad, added, “This latest acquisition represents another step in the repositioning of Altrad’s upstream business - aligning with the objectives of our 2026 strategy for UK and Nordics, which will see Altrad transition into a business that is 75% larger than it is today, by 2026.”