ALTRAD ACQUIRES RMD KWIKFORM IN £140M DEAL
NEWS IN BRIEF ❖ MORE HS2 WINS Lyndon SGB’s London division has bagged several major scaffolding and access contracts on Europe’s largest railway project, the High Speed Two (HS2) rail infrastructure programme, at various project
The Altrad Group has agreed a deal with Interserve to buy RMD Kwikform
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n a deal reportedly worth more than £140m, the French industrial services group has agreed to buy RMD Kwikform (RMDK), a global formwork, falsework and shoring solutions provider. Owned by previously troubled Interserve, RMD Kwikform employs more than 1,300 people and has been involved in various stages of construction at HS2, Crossrail, Battersea Power Station and Hinkley Point. ScaffMag understands the sale of RMDK is part of the planned restructuring of the Group, which has also seen the sale of businesses including Interserve Healthcare to City & County Healthcare Group and Interserve Support Services to Mitie Group plc in 2020. RMDK is headquartered in the west Midlands and employs over 1,300 people around the world including in its core
sites over the city. Bosses have confirmed the contracts will last half a decade and will see the UK’s largest scaffolding, hoists and mastclimbers firm, Lyndon SGB, work alongside
markets of the UK, India, Australia and the UAE. Ran Oren, joint Chief Executive of Altrad Group, said: “We are so excited to welcome RMDK to the Altrad family. We have watched and admired RMDK’s specialist engineering skills and services for many years and strongly believe in its brand, client solutions and ability to return to growth. RMDK will enhance our portfolio of products, in line with our strategy of the geographic sector and product diversification.” Altrad’s latest acquisition deal comes hot on the heels of the group announcing the agreement to buy the Hire & Sales division from Actavo. Previous acquisitions by Altrad include Cape (2017), Hertel (2015), Trad, BarOmix, Belle Group, Beaver 84, NSG, Generation and MTD.
familiar main contractor clients in the form of HS2’s Main Works Civil Contractor, Skanska Costain STRABAG JV (SCS JV). Lyndon SGB will be providing scaffolding and access to some of the tunnel works and multiple riser shafts along the length of track between Euston and Ruislip. And the firm will also be invited to tender for any larger scaffolds throughout the SCS JV section of the HS2 route.
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