Engineering firm Altrad Group has surpassed €5.3 billion (£4.5bn) in revenue for the 2023 financial year, an increase of 38% on its 2022 results after two years of "transformative growth".
The Aberdeen-based Sparrows Group has rebranded following the takeover by Altrad that was announced in 2022, the firm will now operate as Altrad Sparrows.
Energy services firm Altrad has won a multi-million pound contract with Saudi petrochemicals firm SABIC at its Teesside complex in the UK.
Altrad has announced the award of a multi-million pound deal which will see it manage fabric maintenance for a major operator across its North Sea assets.
The top executive team of Aberdeen-headquartered contractor Sparrows are to exit the business after a buyout from French engineering giant Altrad.
After a year of major mergers and acquisitions, engineering firm Altrad is looking to expand further in the coming months, says UK boss Paudie Somers.
The billionaire owner of engineering services group Altrad has been found guilty of corruption charges in relation to his company’s sponsorship of the French national rugby team.
Workers at a key Scottish chemical plant will take part in an industrial action ballot that could threaten production at the facility.
Altrad has announced it reached a financial close on its agreement to acquire Doosan Babcock.
Engineering and maintenance group Sparrows has secured a £50 million contract with a “major UKCS operator” to provide crane management services across its operated assets in the North Sea.
Altrad has announced the successful acquisition of Aberdeen-headquartered Sparrows Group, which concluded on 11 July.
Altrad has secured a multi-million pound contract to support the fabric maintenance of TotalEnergies’ (LON: TTE) offshore assets in the Danish North Sea.
French industrial services giant Altrad has continued its acquisition spree by snapping up Doosan Babcock for an undisclosed fee.
Aberdeen-headquartered Sparrows Group is being bought by industrial services giant Altrad.
Industrial services giant Altrad has completed its acquisition of Muehlhan’s oil and gas business in Denmark and the UK, with the changeover of 750 North Sea workers.
Industrial services giant Altrad said a significant pipeline of work would see it expand its UK headcount next year, amid a North Sea staff resurgence and plans to continue a run of acquisitions.
Altrad has announced a three-year North Sea contract win with Serica Energy, securing 40 jobs.
Industrial services firm Altrad has landed a multi-million pound contract with Shell for the provision of critical support services in the Southern North Sea.
Unite is to ramp up its endeavours to secure a collective bargaining agreement for Altrad workers.
Industrial services giant Altrad has signed two long-term contracts with a major oil refinery on the east coast of England, worth an estimated £30 million.
A boss at industrial services giant Altrad Group said yesterday that 2020 had been a “painful” year for the business on a human level.
Bosses at Altrad Group said today the industrial services giant remained “uniquely placed” to maintain its long-term growth momentum.
A trade union boss has hailed the progress made by the oil and gas industry in its quest to create a new collective deal covering thousands of North Sea workers.
A new deal covering thousands of North Sea workers could include a “rate adjustment mechanism” linking pay with oil and gas prices, a key figure behind the talks said.
Industrial service group Altrad has been chosen to provide construction, hook-up and commissioning work on Premier Oil's Tolmount project in the UK North Sea.