CIO Dave Jones is to become CIO of Altrad, which acquired Cape plc, the specialist oil and gas services business.
Cape plc was acquired last July by French industrial services business Altrad for £332 million (More information can be found here https://www.ft.com/content/d5dbc8d2-630c-11e7-91a7-502f7ee26895)
Jones has been with Cape since 2008 when he joined as Head of IT for the UK before becoming CIO in 2013. Jones has helped give Cape plc increased information transparency. The CIO has knocked down silos by standardising the groups information and communication systems and implementing the group’s first global shared service function.
The Altrad group has grown significantly with the acquisition of Hertel 2015, Prezioso Linjebygg 2016 and Cape 2017. Jones explains the initial challenge will be to drive transformation through right-cost IT, support growth and push operational efficiency through a 39,000 employee, 3.4billion euro turnover group of businesses.
The acquisition of Cape by France’s Altrad is part of a major trend in the sector that has seen Wood Group acquire Amec Foster Wheeler, SNC Lavalin acquiring WS Atkins and General Electric acquire Baker Hughes.
The Altrad Group offer a full range of services to industry, in the framework of facility maintenance and new construction, including access, insulation, corrosion protection, the engineering and installation of mechanical systems, as well as specialised services (inspection, environment). This offer, mainly aimed at major industrial customers in the oil and gas; energy, process industries (including chemicals and petrochemicals) and construction sectors, is deployed throughout Europe as well as in Africa, Asia, Australia and the Middle East.
Altrad was formed by Syrian born Frenchman Mohed Altrad who did his PhD in computer science at the University of Montpellier.