Dutch outfit Mammoet has reached an agreement to acquire UK heavy lift specialist ALE for an undisclosed price.
The transaction is subject to approval of the relevant competition authorities, and until that time, Mammoet and ALE will continue to operate as independent companies.
Mammoet chief executive 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 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.”
ALE group managing director Mark Harries said: “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.”
No further details will be given until after closing of the transaction, Mammoet said.