Doosan Babcock Ltd to be acquired by Altrad
09/08/2022
Doosan Babcock Ltd has announced that Doosan Enerbility has agreed to sell Doosan Babcock Ltd to Altrad.
The transaction, which is likely to conclude in the third quarter of 2022, marks another exciting milestone in Doosan Babcock’s ongoing development, whereby it will be acquired by Altrad, a business that shares its enthusiasm, vision and values and a desire to add enhanced value to its clients. 
Andy Colquhoun, CEO of Doosan Babcock, said: “We are extremely pleased to be joining Altrad and we are confident that our business will be well positioned to grow and develop at pace under the new ownership structure. We believe our collective capabilities and shared vision and values will be attractive to our clients, our people and the communities within which we work.”
The arrangement will involve approximately 4000 talented people joining Altrad, wherein they will be valued and encouraged to develop fulfilling careers and to become the best they can be.
Padraig Somers, Altrad’s CEO for the UK, Ireland & Nordics, added: “We are delighted to welcome Doosan Babcock into the Altrad family. The acquisition represents an exciting opportunity to extend our portfolio of services and enter new markets, while enhancing the outcomes we deliver for our clients.”
