Altrad NSG announces acquisition of Spectra Scaffolding Ltd
Scaffolding and industrial access specialist Altrad NSG has announced the acquisition of Greater Manchester-based Spectra Scaffolding Ltd for an undisclosed sum.
Spectra Scaffolding Ltd is an NASC accredited company which has been in operation for nine years, working across major construction projects, restoration, refurbishment and civil engineering project work. The firm also holds preferred contractor status with leading contractors such as Kier Construction and Morgan Sindall.
All employees of Spectra Scaffolding - previously owned by directors Colin Dean, Alan McDonald and Kevin Jennings - will continue to work in the business, which will now operate as a wholly owned subsidiary of Altrad NSG from its current base in Bury, Greater Manchester.
Deeside headquartered Altrad NSG works across the UK, providing specialist scaffolding and industrial access solutions as well as insulation, painting, coatings, blasting and industrial cleaning.
Mike Carr, Altrad NSG Managing Director, said: "I am extremely pleased with this acquisition; the directors of Spectra Scaffolding have over 100 years' combined experience in the scaffolding industry. Their wealth of experience will further complement the offering of Altrad NSG Ltd to clients within the construction industry and other markets.
"The team at Spectra Scaffolding share our ethos of delivering high quality work with a commitment to excellent health and safety practices. They have completed some very prestigious projects to date - including historic restorations with the National Trust and the CTP Office Development in Manchester City Centre - and we look forward to exploring further opportunities across their key markets."
Mr Carr added: "There is a tremendous opportunity for Altrad NSG to expand in the UK organically or through strategic acquisitions of companies with similar activities to provide customers with full UK coverage as well as the Altrad international support that already exists.
"With the support of our parent company Altrad SA which has over 70 subsidiaries worldwide, Altrad NSG is well positioned to continue to grow and trade profitably throughout the current financial year."
Altrad NSG works with a range of blue chip construction clients, with core sectors including on and offshore oil and gas, petrochemical, pharmaceutical, power generation (including nuclear), steel production, shipbuilding, rail and civil infrastructure.