Mateco, leader in the rental of lifting platforms in Spain, has acquired RAMA Elevations through the purchase of 100% of the shares of Meifus Machinery SA, part of the group Meifus Global Holding S.L..
Elevaciones RAMA is the leading platform rental firm in Galicia and has a strong profile in construction machinery; Acquired by the Meifus Group in 2014, it redefined its business from a lifting specialist to a comprehensive machinery supplier; Today, they have a turnover of around14 million with more than 1,500 units and 65 employees in Pontevedra and A Coruña.
Isaac Alvarez, CEO of Meifus Global Holding, emphasises the importance of the team in the company and trusts mateco to continue the legacy. Carlos Jordà, CEO of mateco in Spain, highlights the long-standing relationship with Meifus and sees parallels between the two companies.
This acquisition strengthens mateco’s position in Spain, extending its reach into Galicia and providing a controlled entry into the construction machinery rental sector; It is also part of Mateco’s growth plan in the Iberian Peninsula, with future expansions and acquisitions planned for 2022/23;
News source: https://www.mateco.es/empresa/noticias/detail/mateco-adquiere-elevaciones-rama/