Mammoet, ALE Talk Buyout

July 9, 2019 - Dutch heavy lift company Mammoet and British heavy lift specialist ALE have confirmed that they are having advanced discussions about Mammoet buying ALE.

A joint statement said that Mammoet Holding B.V. and ALE Heavylift “are currently negotiating a purchase agreement under which Mammoet would acquire the British heavy lift and transport specialist.”

“Should these discussions result in a signed agreement,” said the statement, “the companies will seek approval from the relevant competition authorities. In the meantime, the companies will continue to act independently of each other, as competitors.”

The statement concluded, “At this point, Mammoet and ALE wish to refrain from publishing more details about their acquisition talks.”