This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Alco adquiere la empresa Clavería Transal

ALCO acquires the company Claveria Transal

03/01/2008

January 3, 2008

The renting of machinery and auxiliary means Alco Group continues the successful path taken only a year, during which it has doubled turnover and performance, through the acquisition of the companies petty, S.A., Santiago Sánchez, S.A. and Claveria Transal agoIt has S.L. - and that also presented its brand image. The Spanish Corpfin Capital venture capital firm continues to maintain a majority shareholding in the new group while the rest of the capital will continue in the hands of the management team of Alco, led by its director general Rafael García. Luís Claveria, founder of Claveria Transal, joins the Council of Alco, and for the direction of the area has been promoted to Oscar Villas.

After this operation, Alco-reaching the 100 million euros of turnover, with 700 employees and 22 stores - is situated in the wake of the other two major groups of reference in the country and culminates the shopping spree starring the three companies during 2007. Also, the firm headquartered in Barcelona reached during its first year the target for 2009, and already covers the half of the 200 million set for 2011.

The incorporation of Claveria covers also two strategic objectives under the Alco business plan, as oscense company shares the culture of proximity to the customer - defined the competitive positioning of group - and also add three lines of business (transport)(, Mobile cranes, and cutting and drilling) to existing ones (scaffolding, building Modular, elevation, formwork, cranes, machinery, doors, municipal services, and supplies and tools), setting up a total of 12 lines of business that contribute to the diversification of their sources of income.

Nine stores that brings Claveria, located in the municipalities of Binefar, Monzón, Barbastro, Torrefarrera, Viella, Huesca, Sabiñánigo, Benasque and Fraga, reveal a strong presence in the area, allowing the group to cover the provinces of Huesca and Lleida with absolute solvency, and supplement stores that already had in the provinces of Valladolid, Barcelona, Gerona, Castellón, Valencia, Balearic Islands, Cantabria, as well as in Andorra through an investee.