DEG finances Mexican transport and logistics company

• USD 30 million for state-of-the-art crawler crane
• Up to 150 new jobs
• German technology for infrastructure projects

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, is investing in the Mexican logistics industry. It provides the Mexican family-owned enterprise ESEASA Construcciones S.A. de C.V. (ESEASA) with a long-term loan amounting to USD 30m. The company will use the loan to purchase a mobile crawler crane, manufactured by the German Liebherr company. This crane is considered the most powerful of its kind worldwide.

ESEASA is the market leader in specialised lifting and transportation services for large-scale infrastructure projects. The company has the largest crane fleet in Latin America and also maintains necessary logistics to provide transportation of such equipment to any construction site. The new crane enables ESEASA to significantly speed up its costumers’ construction cycle of, for example, bridges, tunnels or wind turbines, thereby making the entire process more cost-effective.

"The financing of medium-sized companies is a key task of DEG. With the investment in this new crane, ESEASA is able to expand its services for planning and executing large-scale infrastructure projects, and thus to further expand its business," said Bruno Wenn, Chairman of DEG’s Management Board.

Abraham Santos, CEO of ESEASA, emphasised: "We are glad that with DEG on hand we’ve got a competent and experienced partner for further developing our company."

The Mexican company employs currently a staff of 500. The purchase of the new crane will lead to creation of up to 150 additional qualified jobs. Liebherr has already trained local employees of ESEASA in Germany and is going to provide them with on-site support in order to work efficiently and safely with the state-of-the-art technology.

As a development finance institution, DEG provides companies in developing and emerging-market countries with long-term capital, which is often not available locally. Furthermore DEG is committed to fostering know-how transfer and qualification of local employees. DEG’s current portfolio in Latin America amounts to EUR 2.1bn.