PALFINGER: Expansion in Catalonia
100 percent takeover
With the takeover by PALFINGER EMEA GmbH, the operating business of EQUIPDRAULIC will be integrated into PALFINGER Iberica. The transaction consists of 100 percent of the shares, all of which are owned by NOVADRAULIC, S.L. The co-founder and owner Ramón Bassa Sebastián will actively support the integration during the next two years.
Leveraging synergies, generating growth
With this acquisition, PALFINGER ensures the continuation of the excellent service and sales network with its site close to local customers, as well as expansion of the company's competencies in Granollers, Barcelona. To help achieve this, the existing team will be strengthened by additional employees. "This acquisition sends a clear message: PALFINGER continues to grow, even in times of crisis. Catalonia is one of the largest industrial regions in Spain. With this integration, we are leveraging synergies and generating additional growth," explains PALFINGER CEO Andreas Klauser, who goes on to emphasize: "Joining our long-standing partner is an important step towards providing our Catalan customers with even more intensive and comprehensive support - in line with our brand promise: Creating value together." The contract for the acquisition was signed in Barcelona on February 10.
