West Midlands-based RMD Kwikform, the company which provides formwork, falsework and shoring solutions to the rail and construction industries, has been sold to the Altrad Group.
RMD Kwikform employs over 1,300 people around the world including in its core markets of the UK, India, Australia and the UAE.
The sale is part of the planned restructuring of its owners, the Interserve Group, which has also seen the recent sale of other businesses, including the transfer of Interserve Healthcare to City & County Healthcare Group and Interserve Support Services to Mitie Group.
Based in France, the Altrad Group was founded in 1985 and has annual revenues of around €3 billion. It is one of the world’s leading industrial services companies focusing on the oil and gas, energy, process, environmental and construction sectors and employs around 38,000 people.
Ian Hayes, chief executive officer of RMD Kwikform, said: “We are delighted to be joining Altrad Group. RMDK will provide complementary engineering services across Altrad’s global markets enhancing services and value to its clients.
“Over the past 18 months, despite the challenges of COVID-19 impacting global construction markets, RMDK has shown great resilience in widening our offer by launching new products into key markets such as the commercial building sector.
“Altrad Group will 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 provide to our clients. Importantly, it will also lead to significant opportunities for our staff as part of a leading global industrial services group.”