Week 50 (2024) in M&A and Private Equity
• Optare Solutions, a Spanish consulting firm specializing in IT services for the telecommunications sector, has acquired 100% of the Mexican company Cinko Shared Service Center.
• Kider Store Solutions, S.L. and KIMAK merge to keep on offering comprehensive turnkey solutions for commercial spaces worldwide. This transaction combines KIMAK’s expertise in partial and complete refurbishments of commercial establishments with KIDER’s extensive experience in designing, developing, and installing commercial furniture such as shelves, checkout units and specialized fixtures.
• Devoteam (KKR), a tech consulting firm specialised in cloud, cybersecurity, data, and sustainability with over 11,000 employees in 25 countries, strengthens its business automation axpertise and expands to Valencia in Spain with Inlogiq | Part of Devoteam acquisition.
• hiberus, a technology and digital transformation company, has expanded into Poland by acquiring a stake in Hirely, a boutique consultancy specializing in technological services for key sectors such as banking and finance.
• Global water solutions company Xylem today announced that it has acquired a majority stake in Idrica, a leader in water data management and analytics, to empower water utilities with intelligent solutions for their most critical challenges.
• Grupo Amper has acquired Navacel Process Industries S.A, a Spanish company specializing in the manufacturing of large-scale components for offshore wind energy platforms, for approximately €23.8 million. Navacel, based in the Port of Bilbao, reported a turnover of €26.6 million and an EBITDA of €4.6 million in 2023.
• The STOCKMEIER Gruppe announces the acquisition of a majority stake in the Spanish company INTERCOAT SPECIALTIES SL, marking a significant strategic step in strengthening its specialty chemicals business.
• GROUPE OLANO, a French logistics group, has acquired the production unit of Spanish transport company TRANSPORTES HERNANDEZ FILARDI SL in Murcia, including its operations and assets.
• BeePlanet Factory, a Navarra-based company specializing in energy storage from electric vehicle batteries, has closed a €5M funding round. The recent funding round marks an important milestone with the inclusion of two new strategic investor partners: Santander Climate Fund and Easo Ventures (Stellum Capital).
• UK-based BMS Group, the independent specialist insurance and reinsurance broker, today announces that it has entered into an agreement to acquire the leading insurance broker Rasher.
