Van Elle Holdings Acquires Albion Drilling to Boost Growth

Van Elle Holdings (GB:VANL) has released an update.

Van Elle Holdings has acquired Albion Drilling Group, a specialist in piling and drilling, for up to £3.5 million, enhancing its technical capabilities and expanding its presence in Scotland. This strategic acquisition aligns with Van Elle’s growth strategy in the energy sector, and is expected to be earnings accretive in the first year. The move integrates Albion’s experienced workforce and high-quality rig fleet into Van Elle’s operations, promising synergies and long-term growth opportunities.

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