Netherlands-headquartered Mammoet has agreed to buy UK rival heavy lift and transport firm ALE for an undisclosed fee.
Both companies serve clients in the petrochemical, renewable energy, power generation, civil construction and offshore industries.
The closing of the transaction is subject to approval of the relevant competition authorities.
Until then, Mammoet and ALE will continue to operate strictly independently.
Paul van Gelder, CEO of Mammoet said: “We are very happy with this agreement. Mammoet and ALE complement each other in geographical presence on all continents.
“Together, we have a well-balanced portfolio of activities worldwide. This enables us to improve our service proposition and create synergies, as we are able to mobilize equipment and personnel swiftly anywhere.
“Last but not least, Mammoet and ALE both have a strong legacy in innovations which, once combined, will enable us to grow as a technologically leading player.”
Mark Harries, managing director of ALE, based in Stafford, added: “Mammoet and ALE share a strong ambition to be leading in the engineered heavy lifting and transport sector.
“Both companies have a strong track record and are renowned for their craftsmanship, innovations and fleet of equipment.
“We both have shaped the profession of heavy lifting and transport through numerous innovations in the past decades. The prospect of the two companies joining forces is very exciting.”