Doosan Babcock Limited are pleased to announce that Doosan Enerbility have agreed to sell Doosan Babcock Limited to Altrad
The transaction, which is likely to conclude in quarter three of 2022, marks another exciting milestone in Doosan Babcock’s ongoing development, whereby it will be acquired by Altrad, a business that shares its enthusiasm, vision and values and a desire to add enhanced value to its clients.
Andy Colquhoun, CEO of Doosan Babcock said:
“We are extremely pleased to be joining Altrad and we are confident our business will be well positioned to grow and develop at pace under the new ownership structure. We believe our collective capabilities and shared vision and values will be attractive to our clients, our people and the communities within which we work”.
Pleasingly, this arrangement will encompass approximately 4,000 talented people joining Altrad, wherein they will be valued and encouraged to develop fulfilling careers, to become the best they can be.
Padraig Somers, Altrad’s CEO for the UK, Ireland & Nordics added:
“We are delighted to welcome Doosan Babcock into the Altrad family. The acquisition represents an exciting opportunity to extend our portfolio of services and enter new markets, whilst enhancing the outcomes we deliver for our clients.”
Altrad is an international group headquartered in France, majority owned by Mr. Mohed Altrad – Altrad is located in more than 50 countries, has over 52,000 talented people and annual revenues of approximately €2.7 billion.
About Doosan Babcock
Doosan Babcock is a specialist in the delivery of engineering, aftermarket and upgrade services to the nuclear, thermal, oil and gas, petrochemical and process sectors. With a focus on the delivery of low-carbon technologies and an industry-leading project management capability, the company builds, maintains and extends the life of its client’s assets worldwide.
Doosan Babcock media contact:
Tracey Rundell | Tel: +44 (0) 141 885 3689 | Email: [email protected]