Mateco and Playser Elevation reach a takeover agreement

Spanish companies Mateco and Playser Elevación, leaders in the sector of lifting platforms and forklifts in Europe and Bizkaia respectively, have reached a takeover agreement for the rental and leasing section of Playser Elevación's machinery.

The agreement between Mateco and Playser Elevación has been reached as part of the strategy of both companies to maintain the growth line in which they have achieved great success in recent years. For Mateco it means continuing to strengthen its business in Spain and maintaining the company's growth plan in the Iberian Peninsula, which will involve new branch openings throughout this year and the possibility of new acquisitions complementary to the one formalized with Playser Elevación. This purchase represents a further step in the growth and expansion of Mateco, which consolidates its position in the Basque Country, increasing its presence in the industrial sector and strengthening its technical department.

For Playser Elevación, it is a commitment to the future to continue developing its new business lines of AGVs and autonomous vehicles on which it has focused its projects in recent years.

The agreement will be effective on August 1, 2023, after the signing of the agreement by the heads of both companies; Carlos Jordà, CEO of Mateco in Spain, and Javier Landaluce, founder and owner of Playser Elevación.

About Mateco        

Mateco is the name of the international machinery rental division of the Mateco Holding group of companies; located in Luxembourg. It has a fleet of more than 40,000 machines in more than 16 countries in Europe and Latin America, and more than 150 branches located in the main European capitals.

Mateco Spain, leader and reference in the sector, with more than 25 years of experience and specialized in lifting platforms and forklifts, offers a quality service with a committed professional team, focused on customer satisfaction, and always with the aim of caring for the environment and the social environment. It has a fleet of more than 6,000 machines distributed among 25 branches in Spain.

About Playser Elevación

Playser Elevación, founded in 2001 in Arrigorriaga (Bizkaia), has more than twenty years of experience in the lifting machinery sector and a portfolio of highly loyal customers in the Basque industrial sector.

The transaction has been advised by BAUM on the selling side, and by FILS, on the buying side.

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