Sparrows to be acquired by Altrad

By Alex Dahm02 March 2022

Sparrows specialises in offshore lifting, crane engineering and services, mechanical handling, pipe Sparrows specialises in offshore lifting, crane engineering and services, mechanical handling, pipe and cable lay systems, fluid power engineering, equipment rental and training

Agreement has been signed for international crane and engineering maintenance specialist Sparrows Group to be acquired by Altrad Group.

Sparrows’ wind energy business Alpha is part of the transaction with industrial services provider Altrad. Terms of the deal were undisclosed.

Sparrows said it will be run autonomously by its existing management as a separate entity in Altrad. A benefit will be access to the Altrad global network, multi-industry expertise and resources, Sparrows said.

Woman in a blue hard hat Altrad’s Sparrows acquisition will include the Alpha offshore wind business. Photo: Altrad

Mohed Altrad, Altrad founder and president, said, “Sparrows is well-respected across all the global locations it operates and is a trusted service provider and supplier to numerous sectors and strategic clients.

“Sparrows’ 2,000 skilled and knowledgeable people will be a valuable addition to our group and we are looking forward to welcoming them to the Altrad family”.

Commenting on the move Stewart Mitchell, Sparrows CEO, said, “This is a hugely exciting time for Sparrows and we are looking forward to joining Altrad.

“We are excited about Altrad’s strategic vision and ambition and this transaction will deliver many advantages for our clients and employees as we continue on our diversification and growth trajectory.”

Completion is forecast for the second or third quarter of 2022, subject to regulatory approval.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Crane Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Long Reads
Top 100 crane-owning companies in the world
ICST name the name the largest crane owning companies in 2022
How can construction attract new workers?
Construction needs to be proactive in its understanding of modern workers, writes Joel Dandrea, SC&RA chief executive officer
Crane rental industry analysis
Off-Highway Research and ICST produce report on the world’s largest mobile crane fleets 
CONNECT WITH THE TEAM
Alex Dahm Editor, International Cranes and Specialized Transport Tel: +44(0) 1892 786 206 E-mail: alex.dahm@khl.com
Mike Posener Sales Manager Tel: +353 860 431 219 E-mail: mike.posener@khl.com
CONNECT WITH SOCIAL MEDIA