The Sarens family has regained 100 percent of the shares of the Sarens Group after reaching an agreement with minority shareholder Begoos (Group Luc Tack).
Begoos took over the 22 percent stake in Sarens that was previously held by Waterland investment fund in 2021.
Wim Sarens, ceo of Sarens, said: “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.”
The company added: “Sarens is proud to demonstrate through this development its robust standing in the global heavy lifting arena, especially as said change occurs in a time when key contributors in the sector are experiencing an opposite evolution, looking for new shareholders, away from the stable long-term shareholding they have enjoyed in the past.”
It believes that this step will secure the long-term ownership of the company, which will enable it to refine its long-term strategy.
As a result of the transaction, Begoos also relinquishes its mandate on the board of directors of Sarens. An acquisition price has not been disclosed.