Mammoet says it has signed an agreement to acquire ALE in a deal that will see two big players in the heavy logistics for mines market combine.
Both companies specialise in engineered heavy lifting and transport for sectors such as the petrochemical industry, renewable energy, power generation, civil construction and the offshore industry.
Paul van Gelder, CEO of Mammoet 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 mobilise 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.”
One such innovation is the Mammoet Trailer Power Assist, a new engineered heavy transport solution designed to improve transport efficiency and significantly lower the carbon footprint of major projects around the world, which the company and Scheuerle, a member of the TII Group, unveiled in 2018.
Mark Harries, Group Managing Director of ALE added: “Mammoet and ALE share a strong ambition to be leading in the engineered heavy lifting and transport sector. Both companies have a strong track record and are renowned for their craftsmanship, innovations and fleet of equipment. We both have shaped the profession of heavy lifting and transport through numerous innovations in the past decades. The prospect of the two companies joining forces is very exciting.”
The closing of the transaction is subject to approval of the relevant competition authorities. Until that time, Mammoet and ALE will continue to operate strictly independently.