Construction News

08/08/2017

Martello Group Purchased By Franki Foundations

UK-based Martello Group has been acquired by Franki Foundations, a subsidiary of Belgian company BESIX Group.

The deal will see both companies achieve a combined turnover of approximately £29 million with a total of 84 employees.

Rik Vandenberghe, Chief Executive Officer of BESIX Group, said: "A highly innovative company with excellent technical abilities, Martello fits perfectly in the philosophy of Franki Foundations and BESIX Group. This acquisition further strengthens our talent pool and expertise and will provide exciting additional opportunities in the UK and other countries in which BESIX Group operates."

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Wim Claesen, General Manager of Franki Foundations, added: "The acquisition of the Martello activities is a real milestone for Franki Foundations and BESIX Group. It reinforces the position of Franki Foundations on the UK market, not in the least because of the complementary network of Martello's key clients. By integrating Martello, Franki Foundations can now offer almost all foundation techniques and target and deliver major projects in the UK."

(LM/MH)

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