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INDUSTRIAL | Manufacturing / Diversified Machinery Manufacturing
gantrex.com

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Stage

Acq - Fin | Alive

About Gantrex

Gantrex, part of the Gantry Group, develops crane rail fastening system technology and manufacturing capabilities in response to problems associated with heavy duty crane rail installations.

Gantrex Headquarter Location

Rue du Commerce 19

Nivelles, B-1400,

Belgium

+32/(0)67 88 80 30

Latest Gantrex News

Argos makes second Belgium deal with Gantrex purchase

Oct 16, 2015

16 Oct 2015 European private equity firm Argos Soditic has purchased engineering group Gantrex via a carve-out. The firm acquired the business from the Haegelsteen family, marking its second deal in Belgium, just two years after opening an office in the country to focus on the Benelux market. In March, Argos agreed to acquire Belgian railfreight operator SNCB Logistics, alongside existing management, from SNCB in a €70m deal. Argos said that the transaction is the result of a complex process, involving, in particular, simultaneous demerger other activities of the group. Following the acquisition, a new management team has been promoted internally and will be led by Maarten Impens as CEO. Founded in 1971 by the Haegelsteen family, Gantrex claims to be the leader for the production, distribution, installation and maintenance of high quality fastening systems for crane rails. The group achieved in 2014 a turnover of €70m and employs 250 people. Argos president Gilles Mougenot, said, “It is impressive to see how management and the current staff have made Gantrex a global leader in engineering, with an excellent reputation with its customers. “We are delighted to start this adventure with a young and ambitious management team. They have the knowledge, vision and commitment to lead the Group to a higher level. We look forward to accompany them. ” Copyright © 2015 AltAssets

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