The company, with headquarters in Vitoria is dedicated to the manufacture of low-alloy carbon steel castings for the rail and transport sector, exporting around 90% of its production, mainly to other European countries.
Gamarra S.A. was founded more than 70 years ago and currently employs 75 people. The company is originally based in the North of Spain. teamOn Corporate Finance has advised the shareholders throughout the selling process in which a 100% ownership stake was acquired by Vergara Performance Fund.
The investment strategy of the fund, led by Miguel García-Nieto Bondía, is to acquire SMEs with long-term growth potential.
The company has confirmed its intention to remain with the workforce and promote further the growth of the company. With the acquisition of the Basque company, the fund has made its first investment to the Spanish market.
