Randon Companies and Gerdau announced yesterday (9/1) a partnership to create a joint venture that will provide solutions and services for the leasing of heavy vehicles. The business has an investment of BRL 250 million, with a 50% of each partner in the shares of the new unit, in addition to other sources of funding that may be accessed in the future. The formation of the new company, which will be headquartered in São Paulo, is now undergoing an approval process by the Administrative Council for Economic Defense.
The new business will have as its main service the rental of trucks and semi-trailers, seeking to deliver profitable and adequate solutions according to the demand of customers who act as carriers or cargo shippers.
The partnership reinforces the mission of Gerdau Next, Gerdau's new business division, to diversify business portfolio of the largest Brazilian steel producer in strategic segments such as mobility. “The union with Randon Companies, a partnership of two organizations with enduring histories, that remain at the forefront of their segments, reflects our commitment to innovate and to seek to build an even more collaborative future. We continually seek to develop quick and adequate solutions to the needs of our customers”, says Gustavo Werneck, CEO of Gerdau.
Linked to Financial and Digital Services vertical businesses of Randon Companies, the partnership enhances the strategy of acting as a complete ecosystem of solutions for mobility. “We combine the experience of two large Brazilian industrial companies with common visions for an innovative future, exploring the potential of new businesses. With this new company, we bring sustainable and appropriate solutions to potential customers, with great prospects for the transport and logistics sector”, highlights the CEO of Randon Companies, Sergio L. Carvalho.
The trading of the new company's services will be supported by Randon Implementos Distributor Network, with more than 80 points across the country.
With 121 years of history, Gerdau is the largest Brazilian steel producer and one of the main suppliers of long steel in the Americas and special steel in the world. In Brazil, it also produces flat steel, in addition to iron ore for its own consumption. In addition, it has a new business division, Gerdau Next, with the objective of undertaking activities in segments adjacent to steel. With the purpose of empowering people who build the future, the company is present in 9 countries and has more than 36 thousand direct and indirect employees in all its operations. The largest recycler in Latin America, Gerdau uses scrap as an important raw material: 71% of the steel it produces is made from this material. Every year, 11 million tons of scrap are transformed into various steel products. The company is also the largest producer of charcoal in the world, with more than 250 thousand hectares of forest base in the state of Minas Gerais. As a result of its sustainable production matrix, Gerdau currently has one of the lowest average emissions of greenhouse gases (CO₂e), of 0.90 t of CO₂e per ton of steel, which represents approximately half of the global average. sector, of 1.89 t of CO₂e per ton of steel (worldsteel). For 2031, Gerdau's goal is to reduce carbon emissions to 0.83 t of CO₂e per ton of steel. Gerdau's shares are listed on the São Paulo (B3), New York (NYSE) and Madrid (Latibex) stock exchanges.
About the Administrative Council for Economic Defense
The Administrative Council for Economic Defense's mission is to ensure free competition in the market, being the Brazilian entity responsible, within the scope of the Executive Power, not only for investigating and ultimately deciding on competition matters, but also for promoting and disseminating the culture of free competition. One of its functions is the analysis and later the decision on mergers, acquisitions of control, incorporations and other acts of economic concentration between large companies that may jeopardize free competition.