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Stirling Group acquires Altor Risk Group

Hydrocarbon Engineering,

A major new force in global health, safety, security, environment and risk management has been created following today’s announcement of the acquisition of Altor Risk Group by Stirling Group.

The deal brings together both companies’ international expertise and over 100 specialists in protecting organisations and staff through quality health and safety standards, and training that allows them to work safely around the world.

Dubai-headquartered Stirling Group provides health, safety, security and environment (HSSE) services and consultancy to the global oil and gas industry.

Altor Risk Group specialises in managing major accident hazards and, since its formation in 2010, the company has grown rapidly with operations in Europe, the Middle East and Asia Pacific.

Altor Signing: Angus Neil (l) and Jim Walker (r).

Commentary on the acquisition

Angus Neil, Managing Director of Stirling Group said: “This is an exciting development for both companies who share the common vision of becoming industry leaders in protecting organisations operating in hazardous environments by managing risk and ensuring they can work safely and securely anywhere in the world.

“As we celebrate our twentieth anniversary, this deal brings together our complementary offerings to deliver enhanced risk, HSE and emergency response services that provide peace of mind to clients.”

Set up by Jim Walker, Altor Risk Group provides five service divisions in managing major accident hazards covering risk and process safety, emergency response and crisis management, security, business continuity and environmental services.

Mr Walker added, “In the past four years we have grown significantly, demonstrating the high global demand for an integrated approach to risk management and specialist emergency response services. Altor was founded on the principle of bringing together people with extraordinary experience in managing risk in the energy industry and by joining forces with Stirling Group, we can bring even more value to our clients with superior consultancy services and products, training and response services across the globe.”

Adapted from press release by Cecilia Rehn

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