Altrad Group

What Altrad Group does

Altrad Group is a privately held French industrial services group headquartered in the Montpellier region of France and founded in 1985 by Mohed Altrad, who remains President. The company is built on two operating divisions. The Industrial Services division (84% of 2024 group revenue) provides integrated SIPM capabilities — Scaffolding, Insulation, Coatings (including passive fire protection), and Mechanical works — alongside maintenance engineering, inspection (NDT, tank inspection to EEMUA 159 / API 653), access solutions, surface treatment, and specialist bolting and flange management. The Equipment & Products division manufactures and distributes scaffolding systems, building and construction products, and street furniture for local authorities.

The group serves enterprise and government clients in oil & gas (offshore/FLNG and onshore/LNG), nuclear and power generation (notably the Sellafield decommissioning framework), process industries, naval and construction, and renewable energy (wind, solar) — the latter strengthened by the Sparrows Group acquisition. Altrad operates through approximately 120 subsidiaries across more than 50 countries in Europe, the Middle East, Africa, Asia, and the Pacific, employing nearly 65,000 people. Major customers include BP (Caspian maintenance via SOCAR CAPE), Sellafield Ltd (UK nuclear), and SOCAR.

Altrad makes money primarily through professional services contracts (large multi-year frameworks such as the £4.6 billion / USD 6 billion Sellafield deal and the renewed 7+3 year SOCAR CAPE / BP agreement), supplemented by hardware sales of scaffolding and construction products, and an emerging rental and as-a-service model for equipment. Pricing is quote-based and not publicly disclosed. The company has built capital-markets credibility by obtaining its first BBB- investment grade rating from S&P Global Ratings in June 2025 and completing an inaugural €1.25 billion public bond issuance that was more than 5x oversubscribed.

Name

Altrad Group

Legal name

Altrad Investment Authority

Website

https://altrad.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Altrad Group is a privately held French industrial services group delivering integrated scaffolding, insulation, coatings, and mechanical works to enterprise and government clients in oil & gas, nuclear, process industry, and renewables across more than 50 countries.

Ownership category

akta.pro rank

Headquarters

HQ city

Montpellier

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Industrial Services: Provides comprehensive maintenance, engineering, inspection, access, insulation, surface treatment, passive fire protection, and mechanical works services to industrial clients. Generated 84% of total group revenue in 2024.
2. Equipment & Products: Manufactures and supplies scaffolding systems, building & construction products, and street furniture for local authorities to the building industry and public sector
3. Rental and As-a-Service: Shift toward rental and as-a-service business models for construction equipment and scaffolding systems

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Altrad Group provides integrated industrial services — including maintenance engineering, inspection, access/scaffolding, insulation, surface treatment, passive fire protection, and mechanical works — to energy and process industry clients (oil & gas, nuclear, renewables, process industry). The group also manufactures and supplies scaffolding systems, building & construction products, and street furniture to the building industry and public sector.

Product overview

Altrad Group operates as a global industrial services provider and construction equipment manufacturer with two main divisions: Industrial Services (covering scaffolding, insulation, coatings, mechanical works, inspection, and fire protection for energy sectors) and Equipment & Products (scaffolding systems, building products, and street furniture). The company manages approximately 120 subsidiaries operating across 50+ countries with nearly 65,000 employees. Key products include specialized services like storage tank management through Cape Motherwell bridge, heat exchanger services via Cape plc, and the R800 modular footbridge system. Recent acquisitions include Endel (nuclear maintenance), Beerenberg AS, Sparrows Group, FRP Products, and Doosan Babcock, expanding capabilities in engineering, maintenance, and Asia-Pacific markets.

Differentiator

Problem solved

Functional benefit

Brands

• Altrad Endel: Industrial maintenance and nuclear sector services subsidiary
• RMD Kwikform
• Altrad Services
• Altrad Equipment & Products
• Altrad Solidarity
• Altrad Academy
• SOCAR CAPE

Products and services

• Industrial Services (Integrated SIPM)

Quantifiable outcome

• 84% of total group revenue from Services division in 2024
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, flagship and minor.

• SOCARcoreStrategic or Co-development Partner · 1 July 2025SOCAR CAPE subsidiary partnership with BP renewed for 7+3 years for multi-disciplinary maintenance services in Caspian region. Represents over 10 years of collaboration with BP, focusing on innovation and sustainability transition.
• New Zealand Rugby (NZR)flagshipGTM or Marketing Partner · 1 January 2022Major Global Partner to New Zealand Rugby from 2022 for an initial six years. Altrad logo appears on the famous Black Jersey of All Blacks, Black Ferns, All Blacks Sevens, Black Ferns Sevens, Māori All Blacks and New Zealand U20s. Partnership also supports grassroots rugby and global community initiatives.
• Rugby World CupflagshipGTM or Marketing Partner · 1 January 2021Official Sponsor of Rugby World Cup 2021. Global sponsorship providing extensive international exposure across multiple markets.
• French Rugby Federation (FFR)flagshipGTM or Marketing Partner · 1 March 2017Premium Partner and first-ever shirt sponsor of France's national rugby team since March 2017. Altrad supports the development of amateur rugby and funds training for young players (U20). Partnership connects Altrad with French national pride and rugby values.
• Montpellier Hérault Rugby Club (MHR)coreGTM or Marketing PartnerOfficial Partner of Montpellier Hérault Rugby Club in France. Mohed Altrad serves as club president. Partnership connects local community engagement with Altrad's regional roots in Montpellier.
• Western ForceminorGTM or Marketing PartnerPrincipal Sponsor of Western Force, Australian rugby team based in Perth. Partnership extends Altrad's rugby sponsorship portfolio in the Southern Hemisphere.
• BPcoreStrategic or Co-development PartnerLong-term strategic partnership through SOCAR CAPE for maintenance services on BP assets in Caspian region. Renewed 7+3 year contract demonstrating sustained relationship and trust.

Scale indicators8 records

Recent moves8 records

Expansion highlights8 records

Direct peers

• Bilfinger: German-headquartered industrial services provider offering maintenance, insulation, scaffolding, and engineering to process industry, energy, and oil & gas clients across Europe and the US. Closely comparable in service portfolio, end-market mix, and business model to Altrad's SIPM offering.
• BrandSafway: Global leader in scaffolding, access solutions, insulation, and coatings for industrial, energy, and infrastructure clients. Highly comparable to Altrad's Equipment & Products division and integrated access/scaffolding services, particularly overlapping with the RMD Kwikform product line.
• Worley: Australia-based global engineering, procurement, and construction services firm focused on energy, chemicals, and resources. Comparable to Altrad's large-project services capability in oil & gas, nuclear, and renewables, with similar end-customer set of major energy operators.
• John Wood Group: UK-based engineering and consulting company serving energy and built environment markets with project, maintenance, and operations services. Comparable to Altrad's maintenance engineering, inspection, and project services across oil & gas and process industry.
• SPIE: French independent leader in multi-technical services (electrical, mechanical, HVAC, industrial services) for energy and process industries. Closely comparable in geography, end-market, and the integrated multi-technical services model that mirrors Altrad's SIPM bundle.
• Aker Solutions: Norwegian provider of engineering, procurement, construction, and maintenance services for offshore oil & gas and renewables. Comparable to Altrad via Sparrows Group overlap, especially in offshore maintenance and the energy transition segments.
• Saipem: Italian engineering and construction company focused on oil & gas, offshore, and renewables projects including maintenance services. Comparable in offshore industrial services and large-project execution, though more EPC-weighted than Altrad.

Broad incumbents

• Vinci Energies: Subsidiary of VINCI, providing industrial and infrastructure electrical, HVAC, and information & communication technology services globally. Comparable as a broad incumbent in industrial services with overlap in nuclear, process industry, and infrastructure maintenance.
• Subsea7: Global leader in subsea engineering and construction for offshore energy. Overlaps with Altrad's offshore oil & gas and FLNG service capabilities, particularly via Sparrows Group.
• TechnipFMC: Global leader in subsea, surface, and integrated project services for oil & gas. Comparable in offshore energy services and large-project execution, with overlapping customer base of major oil & gas operators.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat7 records

Key risks4 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCX3HSoBkL3i3t6x0oU_VR6w
• LinkedInlinkedin.com/company/altrad
• Instagraminstagram.com/altradrugby

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries10 records

Funding overview

Funding rounds4 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A20 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Altrad Group