Parsippany-based Acrow Bridge, a bridge engineering and supply company, announced Monday it has completed the acqusition of the assets and employees of U.K.-based Mabey Bridge.
Mabey, located in Lydney, England, is a subsidiary of Mabey Holdings Ltd., a fourth-generation, family-owned global bridge and engineering service group.
Under terms of the deal, both firms will continue to operate under their own brands.
“Mabey is a business that we have long thought would be an outstanding fit with Acrow,” Acrow CEO Bill Killeen 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 businesses to new strata of success.”
Financial terms of the deal were not disclosed.
“Due to our admiration for the strength of competition with Acrow over the years we believe this is the best solution in strengthening the future of both businesses,” Juliette Stacey, group CEO of Mabey Holdings, said.
