Altrad completes Sparrows acquisition

By Belinda Smart12 July 2022

Industrial services specialist Altrad, has completed the acquisition of international crane and engineering maintenance specialist Sparrows Group, which services the offshore energy, renewables and industrial sectors.

Altrad’s international footprint is complemented by that of Sparrows. (Photo: Altrad.)

The acquisition, announced earlier this year and concluded on 11 July, includes Sparrows’ wind energy business Alpha.

A statement from Altrad said the move will strengthen its service offering and further diversify its presence across multiple sectors, particularly in the high-growth renewables market. 

France headquartered Altrad operates in 50 countries across Africa, Asia, Australasia and Europe, and includes rental companies and distributors among its key customers. 

Sparrows operates across the Americas, UK and Europe, Africa, Middle East, Caspian, India, Asia Pacific and Australia; its market presence complemented Altrad’s own “extensive international footprint,” the statement added. 

Meanwhile, as part of the wider Altrad Group, Sparrows will draw on Altrad’s networks “to deliver additional services across more geographical locations.” 

Ran Oren, Altrad’s Co-CEO welcomed Sparrows’ 2,000 strong team into the Group.

“As the world’s leading lifting and handling specialist, its level of technical expertise and experience is an extremely valuable addition to our capability.

“We are committed to investing in Sparrows to support its continued growth so together we can play our part in supporting industry to ensure safety and transition towards a more sustainable future.”

Over the last 12 months, Altrad has completed a number of acquisitions, adding over €1.4 billion to its turnover worldwide. 

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Scaffold & Access Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Featured Training From Easybook
NYC SST Online Training

The clock is ticking… Construction workers in New York City – have you fulfilled your required Site Safety Training (SST)? Get your SST card online now

Latest Events
Guide: SAIA Annual Convention & Exposition
The SAIA is set to educate – and celebrate – at its Annual Convention & Exposition, August 21-25 in Boston. SA provides a guide
ALH Conference: access and rental in 2023
From technology’s impact on rental operations to market updates and more, this year’s ALH Conference is poised to be the strongest ever
StepUp to bring Nordic decks to N.A.
StepUp participated with Nordic Platform’s development of composite decks and accessories over 12 years in Europe and believes North America is ready for their ESG and practical benefits
Off-Highway Research

The gold standard in market research

Off-Highway Research offers a library of more than 200 regularly updated reports, providing forensic detail on key aspects of the construction equipment industry.

Our detailed insights and expert analyses are used by over 500 of the world’s largest and most successful suppliers, manufacturers and distributers, to inform their strategic plans and deliver profitable growth.

Click here to visit our website