Begoos (Group Luc Tack) has reached an agreement with Waterland to acquire its stake in the capital of Sarens. Luc Tack and Aaron Coone will take an active role in the Board of Directors of Sarens.
Sarens has attracted Begoos (Group Luc Tack) as a long-term shareholder to support the Group in accelerating its growth in strategic regions and reinforcing its business portfolio with increased maintenance contracts, wind turbine erection and installation. Its complementary experience in operating global businesses, makes Begoos the ideal partner to join the Group’s equity. We are looking forward to our cooperation in the coming years to see the Group continue its successful path. We also would like to thank Waterland for their hands-on contribution and added value in the past years, and we cherish the growth we enjoyed together.
With its head office in Wolvertem, Belgium, Sarens is active today active in more than 65 countries, hiring out cranes, transporting, lifting or realigning exceptionally heavy loads. Sarens’ main clients are companies requiring large civil works, pertaining to the heavy industry, petrochemical and Oil & Gas production, energy, as well as mining. A specialised Wind division focuses on setting up wind turbines, both onshore and offshore, and a recent investment in NuScale through its US subsidiary Sarens Nuclear & Industrial Services, firmly establishes its presence in the crucial zero-CO2-energy supply chain.
Additionally, Sarens is one of the few players in the sector that is active globally. An impeccable reputation, wide-ranging flexibility, and profound expertise make Sarens the ideal partner for small to large-scale and complex lifting and shifting challenges. Sarens’ specialised knowledge and equipment means it is regularly awarded complex international projects, such as the recently completed Tengiz Chevronoil project in Kazakhstan, whereby hundreds of modules were transported and installed, and the ongoing construction of the world’s most advanced nuclear power plant in the UK, at Hinkley Point C. For more information on Sarens track record, visit www.sarens.com.
To stay true to the company’s motto “Nothing too heavy, nothing too high”, Sarens also developed a series of giant cranes, of which the latest, SGC 90, is fully electrical, and puts Sarens in the forefront of the evolution towards reducing its CO2-footprint. Sarens also owns the SGC 250, considered to date the largest and most powerful land-based crane in the world.
- Austrian Private Equity & Venture Capital Organisation (AVCO)
- Belgian Venturing Association (BVA)
- British Private Equity & Venture Capital Association (BVCA)
- Bundesverband deutscher Kapitalbeteiligungsgesellschaften (BVK)
- Nederlandse Vereniging van Participatiemaatschappijen (NVP)
- Polskie Stowarzyszenie Inwestorow Kapitalowych (PSIK)
- Swiss Private Equity & Corporate Finance Association (SECA)
- Irish Venture Capital Association (IVCA)