Mabey Holdings Limited announces it has concluded the sale of Mabey Bridge Limited’s modular bridging business to Acrow Bridge, a leading international bridge engineering and supply company. The structure of this sale includes all employees in the modular bridge team and the manufacturing site in Lydney, Gloucestershire. Both companies will continue to operate under their own brands. Financial terms of the deal are not being disclosed.
The move comes after a decision by the Mabey shareholders to sell their interest in the bridge manufacturing business. Mabey Bridge and Acrow Bridge have shared a similar mission in the industry, to accelerate construction through pre-engineered modular bridging solutions that help develop, improve and repair essential infrastructure in urban and rural areas and make a compelling strategic combination.
Juliette Stacey, Group Chief Executive of Mabey Holdings said: "We believe this combination will deliver the best long term outcome for our people and customers, as it results in a wider ranging business with vast knowledge and experience and an increased ability to support customers’ needs and requirements worldwide."
Bill Killeen, Acrow CEO, said: "We have great respect for Mabey and the strong business its team has built, and we are excited to bring together the immensely talented Acrow and Mabey teams from around the globe to drive our business to new strata of success."