# Gam acquires 51% stake in GDH for EUR 8 million

Gam, a Spanish machinery rental company, acquired a 51% stake in Grupo Dinamo Hispaman (GDH) for EUR 8 million, with an option to buy the remaining 49% within three years. GDH is a distributor of Yale forklifts.

- Type: Acquisition
- Announced: 2022-02-01
- Where: Spain
- Value: $9.10M (8.00M EUR)
- Status: announced
- Products: forklifts, machinery rental
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [General de Alquiler de Maquinaria](https://endata.com/companies/60729.md)
- [Grupo Dinamo Hispaman](https://endata.com/companies/60730.md) (target)

## Sources

- [lne.es](https://www.lne.es/economia/2022/02/01/gam-adquiere-51-empresa-gdh-62166343.html), 2022-02-01: "La compañía asturiana General de Alquiler de Maquinaria (GAM) se ha hecho con el 51% del Grupo Dinamo Hispaman (GDH) por un importe de 8 millones."

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