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Breakbulk September 2019

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September 2019 | The Journal of Commerce 5 www.joc.com Breakbulk & Project Cargo Cover Story Mammoet reported revenue of $1.1 billion, ALE Holdings $239 million, and Fagioli $200 million, according to company fi nancial reports. Sarens does not report revenue but did Merger signals a healthier heavy transport sector By Keith Wallis Fairer weather Typically, heavy transport fi rms operate multi-axle modular transport- ers, trailers, and lifting equipment used in industrial construction, including massive crawler cranes, skidding systems, and jack-up systems capable of lifting as much as 25,000 to 100,000 tons. They are engineering experts specializing in moving extremely heavy or oversized components for mining companies, refi neries, petrochemical plants, oil and gas projects, and other industrial development projects. Fagioli, a major project and heavy-lift operator headquartered in Sant'Ilario d'Enza, Italy, told The Journal of Commerce it is mulling possible acquisitions in light of the Mammoet–ALE deal. Announced at the end of July, the acquisition will merge the two largest compa- nies in the heavy transport sector. Belgium-based Sarens and Fagioli round out the global top four. In 2018, THE HEAVY-LIFT CARGO transporta- tion sector, wracked by years of poor margins and chronic overinvestment, is on the cusp of much-needed consolidation just as the industry is rebounding, according to senior industry executives. Newfound optimism is respon- sible for Dutch titan Mammoet's planned takeover of United Kingdom– based ALE, which could be the fi rst in a wave of mergers and new invest- ment in the sector, even as geopoliti- cal and trade threats gather. Fabio Belli CEO, Fagioli Fagioli

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