Frénéhard & Michaux Group has acquired Parcom's stake in Altrex, forming a strategic partnership aimed at becoming a European leader in height-related work solutions.
Target Information
Frénéhard & Michaux Group (F&M) has acquired Parcom's stake in Altrex, establishing a robust and lasting partnership aimed at enhancing Altrex's future growth and operational continuity. This collaboration will position them as a European market leader in the 'working at height' product category, presenting numerous opportunities for geographic and operational expansion.
Altrex specializes in aluminum climbing solutions, including scaffolding, ladders, steps, and aerial platforms. It holds the market leader position in the Netherlands and Belgium, offering a diverse product portfolio to professional, DIY, and rental customers. Furthermore, Altrex exports its products to over 60 countries globally.
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Industry Overview
The European market for height-related work solutions continues to experience rapid growth, driven by increased construction activities and the need for safety equipment a
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Frénéhard & Michaux Group
invested in
Altrex
in 2023
in a Late-Stage VC deal