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  5. Altrad Acquires Beerenberg

M&A Deal Summary

Altrad Acquires Beerenberg

On August 21, 2024, Altrad acquired energy services and equipment company Beerenberg for 97M USD

Acquisition Highlights
  • This is Altrad’s 4th transaction in the Energy Services and Equipment sector.
  • This is Altrad’s 2nd largest (disclosed) transaction.
  • This is Altrad’s 1st transaction in Norway.

M&A Deal Summary
Date 2024-08-21
Target Beerenberg
Sector Energy Services and Equipment
Buyer(s) Altrad
Deal Type Add-on Acquisition
Deal Value 97M USD
Advisor(s) SpareBank 1 Markets (Financial)
Wikborg Rein & Co. (Legal)

Target

Beerenberg

Bergen, Norway
Beerenberg is a provider of services to the oil and gas industry on the Norwegian continental shelf within the areas of surface treatment, passive fire protection, insulation, and scaffolding. Beerenberg was founded in 1977 and is based in Bergen, Norway.

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Buyer(S) 1

Buyer

Altrad

Montpellier, France
Category Company
Founded 1985
Sector Machinery
DESCRIPTION

Altrad manufactures scaffolding and construction equipment. Altrad was founded in 1985 and is based in Montpellier, France.

DEAL STATS #
Overall 5 of 5
Sector: Energy Services and Equipment M&A 4 of 4
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Norway M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Sparrows Offshore

Aberdeen, United Kingdom

Sparrows Offshore is a supplier of crane and lifting equipment maintenance and support services to the offshore oil & gas sector. It has presence in the North Sea, Gulf of Mexico, South America, Caspian, Middle East, West Africa and Asia/Pacific regions.

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