Altrad RMD Kwikform Company Profile

Background

Altrad RMD Kwikform (ARMDK) is a leading provider of formwork, falsework, shoring, and ground shoring solutions, serving the global construction industry. With a history spanning over 90 years, the company has been instrumental in delivering temporary works solutions for some of the world's most challenging and impressive structures.

Key Strategic Focus

ARMDK specializes in engineering and supplying temporary works systems for both above and below ground applications. The company's core objectives include:

Engineering Excellence: Delivering innovative and efficient solutions tailored to complex construction projects.

Digital Innovation: Utilizing advanced technologies such as augmented reality (AR) and virtual reality (VR) for 3D modeling and digital services.

Global Reach: Maintaining a robust international presence to provide localized support backed by global expertise.

The primary markets targeted by ARMDK encompass civil engineering, infrastructure, energy, industrial, commercial, and multi-storey residential buildings.

Financials and Funding

In October 2021, ARMDK was acquired by the Altrad Group for over £140 million. This acquisition has provided ARMDK with a stable financial platform, enabling continued investment in product innovation and market expansion.

Pipeline Development

ARMDK has recently introduced several new products to enhance its offerings:

XL Airodek Panel: An addition to the Airodek slab formwork system, measuring 1.8m x 1.8m, suitable for floor-soffit heights up to 3.5m. This panel allows for quicker assembly of larger areas, reducing components and providing more clear space beneath the soffit.

Multiframe: A single-sided formwork support frame system that can be combined with traditional or panel system formwork, offering versatility and efficiency in assembly.

1950 x 1800mm Ultraguard Barrier & 1.9m Post: An expansion of the Ultraguard range, this lightweight, galvanized edge protection system offers a higher barrier solution at 1800mm compared to the existing 1100mm barrier.

Technological Platform and Innovation

ARMDK distinguishes itself through its commitment to technological innovation:

Digital Solutions: The company has established a digital solutions center, LocusHUB, to drive digital construction forward.

Product Innovation: ARMDK has developed proprietary systems such as the R800 modular panel girder system, the only CE-marked girder system available on the market.

Leadership Team

Mark Pickard: UK Managing Director. With over 35 years at the company, Pickard has held various roles, including finance director and operations manager, before becoming MD in 2017.

Leadership Changes

In August 2019, Ken Hanna was appointed as a non-executive director and chairman of RMD Kwikform.

Competitor Profile

Market Insights and Dynamics

The formwork and shoring industry is integral to the construction sector, with demand driven by infrastructure projects, commercial developments, and residential construction. The market is characterized by a need for innovative, safe, and efficient temporary works solutions.

Competitor Analysis

Key competitors include:

MEVA Formwork Systems: Specializes in formwork technology with a focus on modular systems.

Alsina Formwork: Offers a diverse range of formwork solutions with a strong international presence.

Strategic Collaborations and Partnerships

ARMDK's acquisition by the Altrad Group has facilitated strategic collaborations, enhancing its market position and innovation capacity. The integration has allowed for shared expertise and resources, strengthening the company's capabilities in delivering comprehensive solutions.