Palfinger AG has acquired the 35% minority interest in Guima Palfinger S.A.S. (Guima) held by Compagnie Générale Vincent S.A.S., ensuring it now controls 100% of the company.
Guima, headquartered in Caussade, France, is the central production plant for Hooklifts and Skiploaders within Palfinger AG, with a significant marketshare in the EMEA region and a significant export operation.
The acquisition of the minority interest contributes strongly to the efficient implementation of Palfinger AG's Strategy 2030 and to the global Hooklift strategy.
Andreas Klauser, CEO of Palfinger AG, sees this as a clear advantage: “This allows us to implement our localisation 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 capitalising 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.“
This transaction enables Palfinger to bring together cross-product R&D initiatives and further integrate the Hooklift development site in Caussade into Palfinger AG’s global R&D network.
The acquisition will also allow Palfinger “to react quickly and efficiently to competitor and market developments in the EMEA, NAM and LATAM regions”, Klauser adds.