Franki Foundations acquires Martello Group UK
31st July 2017
Today, Franki Foundations (subsidiary of BESIX Group) completed the acquisition of the UK based Martello Group, including its subsidiaries Martello Holdings, Martello Piling & Highmead Developments.
The acquisition of this innovative niche player is in line with the strategy pursued by BESIX Group & Franki Foundations to boost their UK activities, which have successfully grown in recent years. With 40 employees and a turnover of approximately 15 million EUR, the Martello acquisition significantly contributes to the growth of Franki Foundations UK, which will now achieve a combined turnover of approximately 32 million EUR and have a total of 84 employees.Rik Vandenberghe, CEO of BESIX Group: “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.”
Wim Claesen, General Manager of Franki Foundations: “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.”
Martello Piling, based in Grantham (UK), is an innovative foundation company which specializes in piling solutions for complex projects executed in low headroom and very restricted access site conditions.
The Martello Piling name will be retained and the company will continue to operate as a specialist in large diameter rotary bored piling as well as in the design and installation of top down basement construction using an in-house designed plunge column frame.
Martello’s in-house specifically designed and manufactured rigs allow its teams to work on challenging sites such as the execution of new foundations under existing bridges and railways, civil works in existing nuclear plants, extension of highways and the reinforcement of telecommunications and electricity masts.
Recently Martello acted successfully as a subcontractor for Franki Foundations in Belgium on the renovation of existing foundations of electricity masts on the Mercator project for the client Elia.
BESIX Group employees will soon have the opportunity to attend a seminar on the acquisition.
BESIX Group is a leading Belgian Group, operating in construction, concessions and property development sectors. It profiles itself as a multi-services Group, catering for multi-size projects. The Group was founded in 1909, since when it has grown steadily and impressively. NV BESIX SA, its biggest subsidiary, is active in practically every field of construction. In addition to the activities of BESIX and its other subsidiaries, BESIX Infra, Belemco, Cobelba, Jacques Delens, Socogetra, Vanhout, Wust, Franki Foundations, BESIX Park, BESIX RED, Lux TP, West Construct and Van den Berg in Benelux-France, the Group is present in Eastern Europe, North and Central Africa and the Middle East, via Six Construct, in Central Asia and Australia. In 2016, the Group achieved revenues of EUR 2.4 billion. BESIX has about 14,000 employees active in 20 countries on 4 continents.