Magaiz makes the leap outside of Aragón. The company has formalized a strategic investment why enters the Imcalift Elevation company with a majority participation.
An operation with which “we seek growth and expansion in the national territory”, as explained by Magaiz, to theEconomist
Magaiz, based in Zaragoza and specialized in the lifting and installation and maintenance sector of elevators, automatic doors and stairlifts, has been operating until now in Aragón, an autonomous community in which precisely Last year it reinforced its presence with the opening of a headquarters in Huesca.
Now the objective is to continue growing and operating outside the Aragonese community, for which this majority stake in Imcalift Elevación, a leading company in Navarra in industrial lifting and accessibility solutions, will allow them promote its territorial expansion, specifically in the Navarra Community, La Rioja and Madrid.
“The idea is to develop these territories” although, now, once the operation is formalized, how to approach this process will be analyzed, which does not imply changes of headquarters in either Navarra or Zaragoza. Currently, Imcalift is a reference in accessibility solutions in the northern Spainwith several consolidated delegations.
The synergies between both companies also want to extend to the area of innovationas well as in the automation and the application of technology because “it is the path we have to go.” In fact, Magaiz has taken important steps in this direction, such as the launch of the first solar elevator in Zaragoza in 2020. A date since which five other installations of these elevators with photovoltaic energy have been undertaken, such as the one promoted by the City Council. by Ricla. Among other technological steps, there is also the connection of devices with the Internet of Things.
The activity of both companies is expected to translate into an increase in employment. From Magaiz, apart from this operation, this year there has been increased staff with the incorporation of several professional profiles with a total of 69 employees. In this month of November, the incorporation of three more technicians is planned.
With this strategic investment, Magaiz also plans to increase its turnover. For this year 2024, it is expected to end up with between 7.7 million and 7.8 million euros. The prospects are equally positive for Imcalift Elevation, which has been on an upward path in the last four years, with an average global growth of 15%. Its turnover is above 4 million euros. The operation will also have advantages for Imcalift, which will be able to strengthen its operational capacity.
Magaiz began its activity in the 1920s with the manufacture of elevators and forklifts in Zaragoza. Later, in 1951, it installed its first elevator under the name of Magaiz and, in 1980, it began a new stage by merging with Ascensores Alvira and Electricidad Castillo, giving way to the current Magaiz SA.
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