GAM, a maritime transportation company, completed the acquisition of a 60% stake in OZMAQ, an industrial equipment supplier. Financial terms were not disclosed. "This strategic partnership with OZMAQ will strengthen GAM’S position in the Mexican industrial sector, enabling the multinational machinery-related solutions company to consolidate its position in the market. This is a significant step in GAM’s expansion in Mexico, where it has been present since 2008. The acquisition leads to GAM extending its presence to Mexico’s El Bajío region—where the purchased family business was founded in 1983—and thus significantly increasing its business volume," GAM.