PALFINGER AG: Acquisition of 35% minority interest in Guima Palfinger S.A.S.
- Share acquisition ensures implementation of Strategy 2030 and PALFINGER's global Hooklift strategy
- Closing of transaction planned for May 2022
- Bundling of global R&D initiatives for Hooklifts in Caussade
PALFINGER AG acquires 35% minority interest in Guima Palfinger S.A.S. (Guima) from Compagnie Générale Vincent S.A.S., so that PALFINGER holds 100% of shares in future. Guima is headquartered in Caussade, France, and is the central production plant for Hooklifts and Skiploaders within PALFINGER AG, having a significant market share in the EMEA region and a high export share to the NAM region.
Realization Supports Strategy 2030 and Global Hooklift Strategy
The acquisition of the minority interest contributes strongly to the efficient implementation of PALFINGER AG's Strategy 2030 and global Hooklift strategy. Andreas Klauser, CEO of PALFINGER AG, sees this as a clear advantage: “This allows us to implement our localization strategy of producing in the region for the region. An important step in the ongoing development of the GLOBAL PALFINGER ORGANIZATION that we defined in Strategy 2030. It will accelerate decision-making processes and make them more flexible while swiftly capitalizing on cost synergies.”
We are happy to announce that, as majority owners of PALFINGER France, the Vincent family remains one of PALFINGER’s most important strategic partners and contributes to the overall result.
R&D Initiatives to be Bundled
This transaction enables PALFINGER to bring together cross-product R&D initiatives and further integrate the Hooklift development site Caussade into PALFINGER AG’s global R&D network.
Important Step for Growth in the Future
Decision-making flexibility and speed are essential for a successful future. “The acquisition of this minority interest allows us to react quickly and efficiently to competitor and market developments in the EMEA, NAM and LATAM regions,” adds Andreas Klauser, CEO of PALFINGER AG.
ABOUT PALFINGER AG
PALFINGER is an international technology and mechanical engineering company and the world's leading producer and provider of innovative crane and lifting solutions. With over 12,200 employees (without contingent workers.), more than 30 manufacturing sites and a worldwide sales and service network of around 5,000 service points, PALFINGER creates added value from the challenges of its customers. PALFINGER is consistently continuing on its course as a provider of innovative, complete solutions that deliver increased efficiency and better operability, while leveraging the potential of digitalization along the entire production and value chain.
PALFINGER AG has been listed on the Vienna stock exchange since 1999, and in 2022 achieved record revenue of EUR 2.23 billion.
For further information please contact:
Hannes Roither | Group Spokesperson | PALFINGER AG
T +43 662 2281-81100 | firstname.lastname@example.org
Texts and accompanying images are available in the “News” section of www.palfinger.ag, www.palfinger.com.