Sarens family buys back Luc Tack’s stake in the company
Sarens family has taken over the full control and ownership of Sarens, the crane rental services, heavy lifting, and engineered transport, company. The company has reached an agreement with Begoos, part of Luc Tack Group, under which the company also relinquishes its mandate on the board of directors of Sarens. The family has not disclosed the price tag of the transaction.
In 2021, Begoos took over the minority interest (22 per cent), previously in the hands of Waterland investment fund, of the crane giant Sarens.
“Due to our complementary experience in operating global companies, we were an ideal partner to take over the interest of Waterland in 2021. We are, therefore, pleased that over the past two years we have been able to help the Sarens family to regain full control of their company,” says the Belgian billionaire Luc Tack, managing director of Begoos.
“We would like to thank the Tack family for the cooperation and added value over the past two years. 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,” says Wim Sarens, CEO of Sarens.
The family sees this event is of historic significance for Sarens. The company looks 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.