# Altrad to acquire Sparrows Group

Altrad has agreed to acquire Sparrows Group, an Aberdeen-headquartered energy services firm. Around 2,000 workers will transfer to Altrad. The deal is expected to close in Q2 or Q3 2022.

- Type: Acquisition
- Announced: 2022-03-02
- Where: Aberdeen, United Kingdom
- Jobs: 2,000
- Status: announced
- Products: crane services, energy services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sparrows Group](https://endata.com/companies/10720.md) (target)
- [Altrad Group](https://endata.com/companies/32596.md) (acquirer)

## Sources

- [energyvoice.com](https://www.energyvoice.com/oilandgas/391964/sparrows-altrad/), 2022-03-02: "Sparrows is well-respected across all the global locations it operates and is a trusted service provider and supplier to numerous sectors and strategic clients."
- [cranestodaymagazine.com](https://www.cranestodaymagazine.com/news/sparrows-group-to-be-acquired-by-altrad-group-9523215/), 2022-03-03: "Sparrows Group is to be acquired by industrial services provider Altrad Group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.