Temporary works engineering firm Mabey Hire has been acquired by German group PERI in an undisclosed deal.
The West Yorkshire specialist in bridging and shoring works, which employs about 400 people, has become part of the 9,000-strong worldwide provider of formwork and scaffolding systems worldwide. Mabey, which reported turnover of £53.3m and operating profit of £9.5m in the year to the end of September 2023, has a track record in delivering services such as propping and jacking for renovation, temporary access bridges and sensors for construction projects.
It will continue to trade under existing management and name, as an independent company within the umbrella of PERI’s £1.6bn (€1.9bn) group which has been operating for 55 years. The group includes more than 65 subsidiaries and has 60 locations worldwide.
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Within most recent accounts for Mabey, bosses said the Dewsbury firm had continued to show excellent resilience coming out of the pandemic and into inflationary headwinds. During firm noted the launch of its export division, MH International, and the exiting of its Iver branch along with major investment in its Bilston branch. Taken together the changes were expected to boost profitability in coming years.
David Adams, CEO of Mabey Hire, said: “Becoming part of the PERI Group is an excellent opportunity to better serve the needs of our customers and, with PERI UK, offer them the best service possible. Therefore, we already look forward to working together to expand the business by serving more customers in both the UK and internationally.”
Ian Hayes, managing director PERI UK, said: “Together, we will work to achieve cross-selling opportunities to offer our customers an even broader range of infrastructure and renovation products and continue the drive to always provide the best possible service to our customers.”
Christian Schwörer, CEO PERI Group, said: “This acquisition marks an important milestone in our growth strategy to develop new market shares and areas in the civil engineering and renovation markets, especially in the UK but also internationally.”
Original artice – https://business-live.co.uk/all-about/yorkshire-humber
