Gantrex has acquired Liftcom
Amsterdam – CFI is pleased to announce that it acted as the exclusive corporate finance advisor to Gantrex on the acquisition of Liftcom.
About Gantrex
Founded in 1971, having its corporate headquarters in Belgium and regional offices in USA, Canada, Germany, Spain, China, Singapore, India and the UAE, Gantrex is a global market leader in production, distribution, installation and maintenance of high-quality crane rail solutions. Its products are used in many different applications and end-markets including ports, shipyards, steel mills, aluminium smelters, railway depots and heavy industries. The group realises a turnover of €115m, employs approximately 450 people in 20+ countries, and serves over 3,000 customers all around the world. In October 2015, Gantrex was acquired by Argos Wityu, a pan-European investment fund with offices in Paris, Milan, Brussels, Frankfurt and Geneva.
About Liftcom
Liftcom was founded over 15 years ago in Rotterdam, the Netherlands. The company has grown into a leading Port Crane Services (PCS)Â company with customers reaching far outside the Dutch borders. Today, Liftcom mainly focuses on inspecting, maintaining, repairing and moving of new and operational port equipment. Their highly experienced team of engineers carry out load testing, periodic inspections, life cycle analyses, accident recovery and refurbishments of port equipment on a daily basis
About the transaction
This acquisition is the second for Gantrex in their PCS activity and will function as the second PCS hub for the North-Western region in Europe. This growing activity already contributes significant revenue to the Group´s top line and is expected to double in profitable turnover by 2026. Integrating Liftcom will allow to reinforce Gantrex’ position in the Dutch market and in Europe’s leading port in Rotterdam, a port with over 100 ship-to-shore cranes and 300-yard cranes spread over multiple terminals.
CFI’s role in the process
Building on a longstanding relationship, which includes the successful acquisition of ABS Consultor in January 2022, CFI was again invited to orchestrate the pursuit of a matching partner for Gantrex, aiming to create a more intimate customer relation through addition of mechanical services and new digital solutions, and by doing so increase global revenue in line with its ambitions.
Maarten Impens, Gantrex Group CEO: “We are thrilled with the outcome of this acquisition, and we are thankful for the exceptional support and expertise provided by CFI. Their meticulous due diligence, strategic guidance, and seamless coordination throughout the process were instrumental in achieving our goals. We are excited about the opportunities ahead.”
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Transaction details
Precedence, a Dutch consultancy specialised in Process Consulting, Technology Consulting, Data & AI, and People Change, is joining Sia, an international management consulting firm with a strong focus on strategy, technology and data-driven transformation
