Altrad announced March 2 that it is buying Sparrows Group, an Aberdeen-based provider of engineering and maintenance services in the offshore energy and industrials sectors. Sparrows’ operations focus on mission-critical, engineering-led O&M services primarily in stable and resilient production-phase opex activities.
The transaction is expected to close this summer, subject to customary regulatory approvals.
The deal includes Sparrows’ more than 2,000 employees including the management team, whose “diverse skills, experiences, and knowledge will be highly valued,” Altrad said.
The transaction will enhance Altrad’s and Sparrows’ portfolio of services, provide and fuel organic growth through mutual cross-selling and expand Altrad’s presence in the high-growth renewables service market.
Sparrows will benefit from Altrad’s management approach and global presence, while retaining its own management team. It said: “The shared values between Altrad and Sparrows, especially a commitment to quality and safety, allow us to sustainably support each other’s ambitious growth aspirations.”
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