Andalusia acquisition for GAM
By Murray Pollok01 April 2022
GAM has further extended its involvement in the industrial forklift business with the €5 million acquisition of Intercarretillas and its sister company Interplataformas, both part of Grupo ITC.
Intercarretillas, founded in 2015, sells, rents and maintains Yale forklifts in Andalusia, while Interplataformas is a service partner with JLG in the same region and also rents and sells aerial platforms. Both operate mainly in the cities of Malaga, Cadiz, Cordoba and Jaen.
The two acquired business reported revenues of €4 million in 2021 and employ 26 people, all of whom will be joining GAM, including the owner Ángel Jurado.
Pedro Luis Fernández, President and CEO of GAM, said; “This acquisition completes the consolidation of our commitment to the Hyster – Yale project in Iberia, thus reaching more than 70% of the market share in this territory by number of Yale machines sold.
“This represents a step forward in our growth roadmap. With the services offered by Intercarretillas and Interplatforms, we optimise the service to our customers - our reason for being - and GAM becomes a stronger leader”.
Ángel Jurado, the owner of both companies, said; “This operation implies a commitment to the future [of the business] in the hands of a group of recognised importance in the sector.
“[GAM will be] backed by our internal talent with the support and extensive knowledge we have, especially in lifting and electrical industrial machinery”.