- Acquisition of shares ensures implementation of Strategy 2030 and PALFINGER’s global hooklift strategy
- Closing of the transaction planned for May 2022
- Gathering of global hooklift R&D initiatives in Caussade
PALFINGER AG acquires the 35% minority interest in Guima Palfinger SAS (Guima) from Compagnie Générale Vincent SAS, so that PALFINGER will hold 100% of the shares in future. Guima is the central production site for hooklifts and skiploaders within PALFINGER AG based in Caussade, France, with a significant market share in the EMEA region and a high export share to the NAM region.
Implementation supports the 2030 strategy and the global hooklift strategy
The acquisition of the minority stake contributes to the efficient implementation of Strategy 2030 and the global hooklift strategy of PALFINGER AG. Andreas Klauser, CEO of PALFINGER AG, sees a clear advantage in this: “This allows us to implement our localization strategy of producing in the region for the region. An important step in the further development of the GLOBAL PALFINGER ORGANIZATION, which we defined in Strategy 2030. Decision-making processes are accelerated and more flexible, and cost synergies can be realized in a timely manner. We are pleased that the Vincent family, as the majority owner of PALFINGER France, remains one of PALFINGER’s most important strategic partners and thus makes an important contribution to its success.”
R&D initiatives are being bundled
The transaction enables PALFINGER to bundle cross-product R&D initiatives and to further integrate the hooklift development site in Caussade into the global R&D network of PALFINGER AG.
Important step for future growth
Decision flexibility and speed are essential for a successful future. “The acquisition of this minority stake enables us to react quickly and efficiently to competitive and market developments in the EMEA, NAM and LATAM regions,” adds Andreas Klauser, CEO of PALFINGER AG.