Sarens returns to 100% family ownership

Photo: AdobeStock/Atstock Productions

The Sarens family has agreed a deal to acquire a 22 per cent stake in the company from Begoos (Group Luc Tack), ensuring the crane rental company is once again 100 % owned by the family. No financial details of the transaction have been revealed.

The purchase from Begoos, which acquired the shares from Waterland Investment Fund in 2021, also means that Begoos will relinquish its mandate on the Board of Directors of Sarens.

Sarens says the announcement is of “historic significance” and will allow it to “solidify and secure the long-term ownership of the company and refine its long-term strategy and strengthen our clients’ and employees’ trust.”

Wim Sarens, CEO, said, “We would like to thank the Tack family for the co-operation and added value over the past two years. With all shares in the hands of the family, we are now armed to profile ourselves even more strongly in the future as the global reference in crane rental, heavy lifting, and engineered transport.”

Commenting on the sale, Begoos said it is “pleased that over the past two years we have been able to help the Sarens family to regain full control of their company.”