GAM and Carretillas Mayor reach a merger agreement, incorporating more than 220 professionals and 3,000 units of equipment into the GAM group. Both companies reinforce their position in the market as comprehensive service providers to industry. GAM (General Machinery Rental, S.A.), a multinational leader in comprehensive solutions and services for industry, incorporates Carretillas Mayor […]
The company demonstrates its profitability with 58 million euro EBITDA (+33%), despite the impact of inflation on costs. EBIT also grew by 46% to 17 million euro (8% of sales). In 2022, net profit tripled to 8 million euro. The recurring or long-term business was that which recorded the most positive rise in the past […]
The EIB financing will also help to digitalise GAM and its vocational training provided through Kirleo. The agreement is supported by European Fund for Strategic Investments EFSI, the main pillar of the Investment Plan for Europe. The European Investment Bank (EIB) will lend €35 million to the Spanish multinational GAM to make its rental fleet electric […]
With this operation, the Asturias company strengthens its position as the leading distributor of the top machinery brands in Spain. GAM has the option to purchase the remaining 49% of Grupo Dynamo Hispaman, S.L. in the future. GAM has acquired a 51% shareholding in Grupo Dynamo Hispaman S.L. (GDH), one of the leading forklift distribution firms […]
The Spanish multinational GAM (BME: GALQ), a company specialising in comprehensive solutions for industry, has presented its results for the first nine months of the year, with a favourable evolution both in turnover and margins. During the first nine months of the year, the turnover increased by 30%, reaching 122.5 million euros, which involves recovering […]
After a very positive second semester, the company’s diversification and business recurrence have allowed them to minimise the impact of the pandemic derived crisis GAM’s balance is reinforced with a capital increase (31.5 million euros) and with the novation of their syndicated debt (75.4 million euros), which is now sustainable. Granda (Asturias), 24th February 2020.– […]