# GAM acquires Recamasa for €7 million

GAM, a Spanish machinery solutions company, acquired Recamasa, a leading forklift company, for €7 million. The deal makes GAM the exclusive distributor of Yale forklifts in central Spain and Extremadura.

- Type: Acquisition
- Announced: 2021-07-14
- Where: Spain
- Value: $8.30M (7.00M EUR)
- Status: completed
- Products: forklifts, Yale forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [GAM](https://endata.com/companies/56470.md) (acquirer)
- [Recamasa](https://endata.com/companies/56471.md) (target)

## Sources

- [gamrentals.com](https://gamrentals.com/en/news/gam-acquires-recamasa-and-strengthens-its-leadership-in-the-industrial-machinery-sector), 2021-07-14: "The acquisition of Recamasa is part of our growth strategy, and we are taking another step towards consolidating ourselves as a leader in the industrial machinery sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.