The French-headquartered industrial services company Altrad has completed its acquisition of Muehlhan’s oil & gas business in Denmark and in the UK, it said January 11. Some 750 staff are part of the transaction.
Altrad, which aims to be 75% larger by 2026 than it is today, said the transaction “marks another exciting milestone in Altrad’s development, whereby it invests in businesses that share its excitement, vision and values to offer enhanced value to its clients.”
Muehlhan is a “perfect addition to our business,” Altrad said, as it adds scale and capability and enhances “our relationship with a number of strategic clients and allows us to extend our geographic footprint into Denmark.”
Altrad has almost 42,000 employees in about 50 countries. Please see here for more information.