Mammoet and ALE Confirm Advanced Discussions

It has been confirmed that Mammoet and ALE are at an advanced stage of discussions concerning a take over.

The statement from ALE reads:

Today, Mammoet Holding B.V. and ALE have announced that the two companies 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, 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.

At this point, Mammoet and ALE wish to refrain from publishing more details about their acquisition talks.

Source ALE