May 12 - Mammoet has acquired USA-based George Young Company, which specialises in rigging, machinery installation and heavy hauling.
Until now, Mammoet has worked in the northeastern part of the USA on a project basis. "This meant we mobilised Mammoet professionals and equipment from Mammoet Canada for individual projects," explains Keith Guiochet, vice president operations of Mammoet Canada.
"Given factors such as the economic strength of this region, the population density and growth prospects we have been looking to strengthen our foothold on a permanent basis. The deal with George Young Company allows us to be more responsive to commercial opportunities in this region. Also, we are in a better position to mobilise and upscale our operations to meet customer demands."
Not only does the acquisition strengthen Mammoet's northeast American presence, Mammoet ceo, Jans Kleijn, explains that it "aligns with our strategy to serve our customers locally through a global network of offices.
George Young, ceo of George Young Company adds: "Together we can offer comprehensive factory-to-foundation services - allowing us to potentially add precision millwrighting to Mammoet's services in this region and deliver and commission components from every part of the world."
George Young Company will continue its operations under the name George Young Mammoet.
