The transaction was processed through the group’s Spanish subsidiary Gantrex Spain S.A. for an undisclosed amount.
With the purchase of these shares, Gantrex is taking the first step in its “Gantrex 4.0” strategic plan, in which management aims to create a more intimate customer relationship through the addition of mechanical services and new digital solutions. This, in turn, seeks to increase the company’s global revenue.
Both parties have previously collaborated on a new global service activity focused on the repair and modification of trolley rail systems on container handling cranes. This acquisition will allow Gantrex to go beyond its traditional scope and include a wider range of mechanical services, meeting customer demands.
Furthermore, the company expects to leverage its global presence of regional inventories to further develop sales of a variety of crane parts.
“After first contact, I recognised the business synergy and the potential being part of the of Gantrex Group would have,” said Antonio Bravo Silva, Managing Director of ABS Consultor.
“Selling the company was a difficult decision, because we created a consolidated company, with a great team, offering diversified services and products for all types of port cranes, keeping our customers loyal in this difficult-to-reach sector.
“Now we close one stage, we face this new future with even more optimism and enthusiasm to continue growing with this great organisation.”
Alberto Beraza, Vice President for Gantrex Southwest Europe & Latin America, added: “For Gantrex, in addition to measuring the potential of the operation, it was and is being a learning process in certain aspects, the markets of both companies are parallel, but not the same.
“Concepts such as designing or adapting spare parts to the needs of each crane is a very interesting line to be easily exported to the worldwide port market. As planned ‘Gantrex 4.0’, Port Crane Business opens very interesting doors for the coming years.”
Maarten Impens, CEO of the Gantrex Group, also commented: “In discussing with Antonio and his team, we immediately recognised a company which shares the same values in terms of quality, innovation, and business ethics, as we do at Gantrex.
“Our customers in the port industry are increasingly asking to expand our mechanical service offering beyond traditional crane rail solutions, and with the integration of ABS into the Gantrex Group we will be able to provide them with a more complete answer.
“This is an exciting first step in the execution of our new strategic growth plan and we look forward to growing the business alongside Antonio and his team.”