Industrial equipment group, Goscor, has been acquired by Industrial Services Holdings (Pty) Ltd. (InServe), a new entity, which was created to give comprehensive service to the South African industrial services sector.
Goscor is well-known for its leading equipment brands across several sectors including: Crown, Doosan, Bendi, Hubtex & Taylor Dunn (forklifts & materials handling equipment); Bobcat (construction); Sany (earthmoving); Tennant, Elgin, Maer, Delfin & HighPoint (industrial cleaning); Subaru (industrial power solutions); Genie (aerial lift equipment); Sullair (compressed air solutions) and many more.
Neil Wilson, Goscor CEO says he is very optimistic about the deal, “The diverse synergies that exist between the companies in InServe will create greater efficiencies and ultimately help each company to improve their bottom lines,” he says.
Some of those synergies include the cross-pollination of common customers, the sharing of infrastructure in more remote areas and business strategy sharing especially in the areas of sales, marketing and logistics.
“Perhaps most importantly,” Neil adds, “being part of a powerful group makes it much easier to raise the capital required for future growth. This is especially relevant to InServe as the group has a voracious appetite for building and growing in the Southern African context.”
InServe CEO, Peter Amm says that Goscor is a superb addition to the group. “This is a powerful and dynamic group, which boasts many of the world’s leading brands in their respective sectors. They have a proven profit track record and a reputation for excellent technical and customer service. Also, Goscor has always shared – and practised – with InServe its values of honesty, integrity, teamwork and respect for people.”
He adds that Goscor has been particularly strong in developing its rental business and that InServe intends to use their and the other group companies’ expertise to maximise the strong opportunities that this business model offers.
Apart from Goscor, InServe now employs 3 400 people in its numerous branches throughout Southern Africa, comprising: Concord Cranes (fleet includes hydraulic mobile cranes, truck cranes and all terrain cranes which boast under-hook height capabilities of up to 145m); Prowalco (manufacturer and distributor of pumps and dispensers); Uni-Span (one of SA’s biggest, lowest cost producers of formwork and scaffolding) and Afrit, an associate partner through Investec Equity Partners (trailer manufacturers, rental solutions and second-hand truck and trailer solutions).
Goscor, Tel: (011) 230-2600