Following the insolvency of Paceco España SA in June, Paceco Corp. has appointed a new company, Momentum Advanced Port Services S.L., to be a Paceco licensee in Europe.
Paceco España SA was 70% owned by URSSA, the Basque steel fabrication company, and 30% by Mitsui E&S Machinery (MES), formally known as Mitsui Engineering & Shipbuilding.
Trading as Paceco Momentum, Momentum Advanced Port Services is headed by Miguel Soler Jaufer, and, as a Paceco Licensee, has acquired the rights to use the Paceco trademarks and crane technology, including the engineering, design and manufacturing details of all projects performed by Paceco España since its inception 49 years ago.
The newly formed Paceco Momentum will not bid for any new crane orders, but will focus on services (spare parts, upgrading, refurbishment, modifications, repairs and inspections) and consultancy and automation terminal management systems software for former Paceco crane customers and other container handling equipment owners.
This includes installations, service and support of the Poseidon TOS, software integration projects, and the relatively new Paceco SPYDER application that leverages the Internet of Things to connect cranes and equipment in the container terminals to a central monitoring and reporting application.