Altrad said today that its £332m acquisition of Cape in 2017 was the main driver of record financial results at the industrial services giant.
Union officials said today that the Offshore Contractors' Association (OCA) would make a revised pay offer for North Sea workers.
Think of Cape, think of scaffolders.
Trade union officials and employers will hold crunch talks over offshore workers’ pay this week in a bid to avert widespread strikes in the North Sea.
Altrad said it had taken a huge "stride" towards becoming a world leader in industrial services thanks to its acquisition of Middlesex-based Cape.
French construction group Altrad has posted record results, saying the performance was driven by 2017 acquisition of Cape.
French construction group Altrad said yesterday its new UK operations, including offshore oil and gas business in the North Sea, were a key part of its growth strategy.
French group Altrad said today that its takeover proposals for industrial services giant Cape has satisfied the UK competition watchdog.
Hundreds of Aberdeen-based workers in the offshore operations of industrial services giant Cape are poised become part of French group Altrad in September after the two firms agreed a £332million-plus takeover.
Industrial services provider Altrad said today that it had struck a takeover deal for Cape.