GREENFLOW ENGINEERING ACQUIRED THE 45% STAKE HELD BY THE COMPANIES CARMONA GGRP AND ECOSOURCING IN GREENFLOW MARINE

This acquisition reinforces the Greenflow Group’s position in its subsidiaries, with Greenflow Marine being now 100% owned by the Greenflow brand.

We will continue our cooperation with the Carmona Group, strengthening a relationship that, although we are no longer shareholders, is a partnership that remains important for both entities.

Carlos Cardoso, Greenflow CEO’s states that: “This acquisition is an important milestone in the Greenflow Group’s medium and long-term strategy, in its organic growth and its agility in the market. We will be able to make better use of the synergies between Group companies, both in terms of human resources and finance. I would like to take this opportunity for a word of appreciation and recognition to the Carmona Group, for the journey we have taken together, which has helped to build and consolidate Greenflow Marine as a prominent international player in the MARPOL services and circular economy market. We will continue to work together to grow both groups in a sustainable way”.

Vitor Carmona, Carmona SLTC, President of Carmona Group states that: “With this sale, we continue to implement our strategy of focus and business concentration on the Carmona Group’s core operations, waste recovery and environmental services to industrial customers. We highlight the journey made over the last few years with Greenflow Marine, which culminated in its growth and consolidation as a European reference operator in Marpol services. We will continue existing partnerships and guarantee, in the future, valorization solutions in the area of hydrocarbons for national and international customers. We wish the Greenflow Group every success, and we are certain that it will be achieved”.

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