Click here

Sarens entered US Heavy lift and heavy haul space in 2009 by acquiring Rigging International, a company based in California. We officialy changed the name to Sarens USA, INC. in 2012.

Sarens USA, INC has offices in Houston from where we cover the Gulf area, in Wisconsin from where we cover the Midwest, and in Rowesville from where we cover the East coast.


We provide Engineered Heavy Lifting Services

Heavy Lifting

  • We provide Project-based heavy lift services
  • Turnaround maintenance
  • Installation of turbines & generators
  • Erection of steel structures
  • Erection of heat exchangers
  • Installation of mechanical equipment, drums, casing / inlet ducts, vessels, pumps

Heavy Transport Services

  • Out of Gauge and abnormal load transport
  • Project based heavy transport
  • Rental of specialized transport equipment
  • Factory-to-Foundation

Decomissioning and Dismantling Services

Rental Services

  • We provide bare lease as well as operated rentals services
  • Skidding & jacking


  • New nuclear plant construction
  • Operating nuclear plant
  • Small Modular Reactor (SMR)
  • Decommissioning
  • Department of Energy (DOE)
  • Government
  • Thermal power plants
  • Oil & Gas
  • Petrochemical
  • Major civil projects including:
    • Airports
    • Bridges
    • Stadia
    • Ports & yards
    • Oversized heavy haul


  • Hydraulic cranes
  • Cranes ranging from 90T to 3200T
  • Hydraulic jacks
  • Strand jacks
  • Self Propelled Modular Trailers
  • Semi trailers
  • Out of Gauge transport


10855 John Ralston Rd
Houston, Texas 77044
+ 1 832 536 3669
+ 1 832 615 2678

9204-A Highway 61
Sorrento, Louisiana 70778
+ 1 225 450

15095 W 42nd St.
Odessa, TX 79764

Sarens USA – East
75 N. Haddon Ave Suite 101
Haddonfield, NJ, 08033
+1 856 503 2121

75 N. Haddon Ave Suite 101
Haddonfield, NJ 08033

1430 South Goodland Road
Hartford, WI 53027
+ 1 414 299 0858


The Group's capital structure was furthermore strengthened and diversified by the bond tap of 125 Million in the autumn of 2016.


Group revenue income has decreased by 5%, from €615,1 million in 2015 to €584,1 million in 2016. Despite a very weak start in Q1-2016, the Group managed to realise a stable quarter-on-quarter performance in the remainder of the year. The decrease is mainly explained by the weak performance in some challenging regions, particularly South Africa, Australia and Latin America,

that suffered from a substantial reduction in activity. Sarens realised stable performance in Europe and continued to grow in the

Middle East, North Africa and Canada.

EBITDA amounted to €128,5 million in 2016 on a pro-forma basis, compared to €149,8 million reported for EBITDA in 2015. The organizational downsizing in challenging regions led to a reduction of personnel costs in line with revenues. Fluctuation in currency exchange rates had an estimated negative impact on EBITDA of €5,1m in 2016.

Operating Profit decreased from €48,6 million in 2015 to €25,6 million in 2016, mainly resulting from a decline in operating income. Depreciations on fixed assets remained relatively high in line with 2015 as a result of the accelerated depreciation rules applied.

The net financial result improved as a result of less unfavourable currency exchange differences compared to 2015, both realized and unrealised. Financing costs remained stable despite the refinancing that took place in the autumn of 2016.

The downsizing of business units in the challenging regions and the strategic reallocation plan have resulted in nonrecurring costs of €11,2 million, which negatively impacted the 2016 net result.

Income tax expenses increased to €18,6 million in 2016 versus €14,2 million in 2015, mainly as a result of the exceptional relocation of cranes in the context of the strategic re-allocation plan.

Reported net results came in at a loss of €31,4 million in 2016 compared to a loss of €17,4 million in 2015.


Tangible Fixed Assets amounted to €856,7 million at the end of 2016 compared to €883,7 million at the end of 2015 as a result

of lower net investments in Tangible Fixed Assets ad. €56,7 million. Market value of Tangible Fixed Assets, as estimated by

management and used as a benchmark by insurance companies to determine premia, amounted to €1,1 billion on 31 December

2016. The gap between Book Value and Market Value of Fixed Assets is mainly explained by the continued application of accelerated depreciation rules in line with BEGAAP, which make abstraction of the economic lifetime of equipment and of preventive maintenance costs taken into account in operating profit.

Net Working Capital improved from €61,6 million at the end of 2015 to €53,9 million on 31 December 2016, in line with lower operating income.

Cash Position slightly reduced from €80,6 million at the end of 2015 to €70,1 million at the end of 2016. Available liquidity under the Revolving Credit and Global Lease Facilities amounted to €203,1 million on 31 December 2016.

On 31 December 2016, the equity represented 17,4% of the total balance sheet, a small decrease compared to the previous year due to the negative net result of the year.

Total net financial debt slightly decreased from €612,1 million on 31 December 2015 to €607,2 million on 31 December 2016.

The Group's capital structure was furthermore strengthened and diversified by the bond tap of €125 million in the autumn of 2016, which resulted in a strong liquidity position and a decrease of Net senior financial debt from €442,8 million at the end of 2015 to €357,2 million on 31 December 2016.


The reduced working capital and the lower net investments in Fixed Assets have resulted in positive cash flows. The consolidated free cash flow amounted to €36,2 million in 2016, including a negative non-recurring extraordinary result of €11,2 million, compared to a negative consolidated free cash flow of €31,2 million in 2015.

The cash outflows of €46,7 million for financing activities mainly consisted of cash interest payments, debt issuance costs

related to the additional bond issuance, and net debt repayments of €15,4 million.

Ludo Verrijken

For more information, please contact us at
Read more: Annual Report 2016