BRIEF

on GETLINK (EPA:GET)

EUROPORTE Acquires 67% Stake in GIRAVERT to Broaden Service Offerings

Stock price chart of GETLINK (EPA:GET) showing fluctuations.

Europorte, a subsidiary of the Getlink group, has announced the acquisition of a 67% stake in Giravert via its subsidiary Socorail. This strategic move aims to enhance Europorte’s infrastructure management services.

Founded in 2000, Giravert specializes in vegetation treatment and operates out of Arsy (60). The company employs nine people and achieved sales of €1.4 million in 2023. Giravert’s expertise includes weed control and brush clearing, leveraging specialized railroad equipment.

Raphaël Doutrebente will chair the company, and Alain Jupille, Giravert's Managing Director since 2010, will assume the role of CEO. Jupille will retain a 33% stake, maintaining his commitment to the company's growth.

This acquisition is intended to offer an integrated and environmentally conscious service portfolio, providing alternatives to phytosanitary products for vegetation treatment on rail networks.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all GETLINK news