SAFE 2000 is the fifth company to join GAM. GAM was founded a year ago after the merger of three companies intended to consolidate the Iberian market of equipment rental, that is strongly fragmented. SAFE 2000 was founded in 2000 and , since then, had an aggregated growth of 35%. SAFE 2000 leads the platform renting industry in the central area of Spain. It has a fleet of 550 platforms and expects a turnover of more than 8 million Euros this year, according to GAM. GAM, that has a fleet of 8.000 units and has invested more than 60 million Euros in equipment, expects a turnover of more than 80 million Euros. GAM’s strategy is based on an solid investment policy aimed at completing and enhance the current fleet, and also a very intense policy of acquisitions, aimed at integrating companies that complete GAM’s strategic position. This strategy is expected to enable GAM to achieve a growth rate over 30% during its first fully operative year. This capital raise carried out to finance the acquisition of GAM has been agreed by all its current share holders, according to their respective share capital. Thus, Dinamia has allocated 1.78 million Euros to keep its current interest of 40’32. Including this operation Dinamia has made an aggregate investment of 13’85 million Euros in GAM. |
