TIP Group, a leading provider of comprehensive equipment solutions for the transport industry, announced today the acquisition of SERVICE TRAILER SEVILLA, S.L. (SETRASE). This transaction marks an important step towards further expansion in southern Spain and provides TIP with a strategic presence in the Andalusia region.
The SETRASE facility, located in the immediate vicinity of the A-4 motorway, guarantees excellent transport accessibility throughout Andalusia. This location also enables a fast connection to key transport routes leading from Spain to Portugal and Morocco, placing TIP in one of the most important logistics and transport corridors in the region.
The acquisition includes fully functional infrastructure, which guarantees immediate operational continuity and uninterrupted service provision. The workshop is equipped to provide a wide range of high value-added services — from maintenance and repairs to bodywork and painting, as well as repairs of refrigeration units and hydraulic systems.
The investment opens up new opportunities for TIP, including the launch of another leasing and rental branch, while simultaneously providing a solid foundation for further expanding the customer base. Thanks to the effective integration of the new workshop and the experienced team into the company’s existing structure, the TIP workshop network in Spain grows to six locations.
Operational presence in the Andalusia market is an important step in further expanding our business in Southern Europe. This acquisition provides us with a strategic location, strong operational competencies, and access to a dynamic customer base. We look forward to further development on this basis and delivering value to our customers in the region.
– said Fred Notte, VP Mediterranean Region.
TIP and SETRASE will work closely together to ensure a smooth transition of operations, maintain existing customer relationships, and continue providing services at the highest level, in line with market expectations.
Source: TIP Group