# GAM acquires 51% of GDH, becoming main Hyster and Yale distributor in Spain

GAM Solutions acquired a 51% stake in Grupo Dynamo Hispaman S.L. (GDH), the main official distributor of Yale in Spain, with an enterprise value of EUR 8 million, making GAM the primary distributor of Hyster and Yale in Spain.

- Type: Acquisition
- Announced: 2022-01-31
- Where: Spain
- Value: $9.00M (8.00M EUR)
- Status: completed
- Products: forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Grupo Dynamo Hispaman](https://endata.com/companies/42957.md) (target)
- [GAM Solutions](https://endata.com/companies/60687.md) (acquirer)

## Sources

- [gamrentals.com](https://gamrentals.com/en/news/gam-acquires-51-of-gdh-and-becomes-the-main-distributor-of-hyster-and-yale-brands-in-spain), 2022-01-31: "With this acquisition, we strengthen our service capacity in Spain and continue with our growth strategy initiated last year with the purchase and participation in other companies, to become increasingly solid and diversified."

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