Altrad

Altrad

Heligan advised Altrad Investment Authority (“Altrad”) on its acquisition of the UK and Danish offshore oil & gas businesses of Meuhlhan AG.

The acquisition represents a further consolidation play in the UK for Altrad and its first acquisition in Scandinavia, creating a platform to service the offshore market from Denmark, complementing existing UK operations.  The transaction comprised two businesses, Muehlhan Industrial Services Limited based in Aberdeen and the demerged trade and assets of Muehlhan Energy A/S.

Sector:   Industrial Services

Location:  Scotland and Denmark

Value:  £10m - £25m

Websitewww.altrad.com

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