Interserve sells global equipment services business to Altrad Group

Interserve Group Restricted has sold its worldwide equipment services company, RMD Kwikform (RMDK), to industrial services huge Altrad Group.

The selling of RMDK forms area of the prepared restructuring of Interserve Team. Following the purchase of the Group’s companies Interserve Health care to Town & County Healthcare Team and Interserve Assistance Services to Mitie Team plc in 2020, this leaves Interserve&nbsp now;to concentrate on its rebranded construction arm, Tilbury Douglas.

RMDK offers specialist engineering solutions had a need to deliver main building and infrastructure tasks. It really is headquartered in Wallsall and employs over 1300 individuals around the world which includes in its primary markets of the united kingdom, India, Australia and the UAE.

Set up in 1985, Altrad Group is among the planet’s leading industrial providers companies concentrating on Gas and Oil, Energy, Process, Construction and environmental sectors. Headquartered in France, the ongoing company workers around 38,000 people and contains revenues of around €3 billion (£2.5 billion). Altrad Group has 9 subsidiaries situated in the Humber and Yorkshire area.

Alan Lovell, Chairman of Interserve Team Limited mentioned: “The selling of RMDK to Altrad Team continues the significant improvement we have made promoting the constituent elements of Interserve Team to best realise worth for the shareholders.

“I’ve without doubt that RMDK will thrive included in Altrad Group that will benefit both its staff and clients alike. I’d like to thank all the team at RMDK for their outstanding contribution to the Group and wish them well for the future.”

Ian Hayes, CEO of RMDK said: “We have been delighted to be joining Altrad Group. RMDK provides complementary engineering services across Altrad’s global markets enhancing value and services to its clients.

“Within the last 18 months regardless of the challenges of COVID-19 impacting global construction markets, RMDK shows great resilience in widening our offer by launching services into key markets like the commercial building sector.

“Altrad Group shall support RMDK’s growth strategy built on further investment into our products, services and geographic expansion, widening the platform for the renowned world-class engineering solutions we offer to your clients. Importantly, it will result in significant opportunities for the staff within a respected global industrial services group.”

Ran Oren, joint LEADER of Altrad Group added: “We have been so excited to welcome RMDK to the Altrad family. We’ve watched and admired RMDK’s specialist engineering skills and services for quite some time and strongly have confidence in its brand, client ability and answers to return to growth. RMDK shall enhance our portfolio of products, consistent with our strategy of the geographic, product and sector diversification.

“Altrad is well-financed with a solid balance sheet and the u nwavering support of its stakeholders. We’re able to provide investment to fuel the further growth of RMDK within a respected industrial group.”