Friday October 10th, 2014
Cierre de operación de M&A
Albia Capital Partners has intervened as the financial advisor in the sale of the controlling stake that Grupo TTT held in the Guipuzcoa based company TTT Ejes, a deal completed in the month of September 2014. The acquirer was the Bascotecnia S.A. company group which has been part of the TTT Ejes shareholding since 2003, and consequently this deal reinforces its strategic position in the Company.
Grupo TTT (http://www.grupottt.com) is one of the leading European groups in the heat treatment and coating activity, with a broad presence in the automotive and aeronautical industries. With this deal Grupo TTT bolsters its strategy of consolidating its traditional activity in this area.
TTT Ejes is a company based in Legazpi (Gipuzkoa) founded in 1996 which occupies a worldwide leading position in producing shock absorber piston rods for the automotive sector.