Palfinger acquires Equipdraulic12 February 2021
Palfinger has signed a contract for the takeover of its Barcelona-based distributor Equipdraulic.
Since 1999, Equipdraulic has been distributing the majority of the Palfinger product range in Catalonia. As a partner of Palfinger Iberica, the dealership has 18 employees and is responsible for the sale, installation and service of the Austrian manufacturer’s products. Despite Covid-19, the company increased its sales in the industrial region to almost €5m in 2020.
With the takeover, the operating business of Equipdraulic will be integrated into Palfinger Iberica. The transaction consists of 100% of the shares, all of which are owned by Novadrualic. The co-founder and owner Ramón Bassa Sebastián will actively support the integration over the next two years.
With this acquisition, Palfinger says it 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. The manufacturer said that it plans to further expand the team.
"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," said Palfinger CEO Andreas Klauser. “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."