Mateco Spain acquires Afron
By Leila Steed17 April 2019
Mateco Spain has announced the acquisition of rental company Afron after buying 100% of the shares in its parent company, Afron Capital.
According to Mateco, Afron is the oldest firm specializing in the rental, sale and repair of aerial platforms in the Iberian Peninsula.
The company currently has a turnover of €16 million and a fleet that exceeds 1000 units. In addition to its operations in Spain it rents platforms in Chile and Panama.
Alberto Gutknecht Donoso, owner and manager of Afron, said: “We are very pleased with the fact that our company is joining forces with the group that we consider the European leaders in the rental of lifting platforms.”
He added, “The drive given by the incorporation of Afron to Mateco will be the basis to position ourselves as market leaders in the industry. ”
This acquisition follows Mateco’s plans for strategic growth by increasing its business coverage in Spain, Latin America, Chile and Panama. It said it had more branch openings planned for 2019.