Araoz & Rueda advised Consolis Group on the deal. The financial advice of the transaction has been provided by AFI and KPMG.
Consolis Group, a leader in precast concrete solutions in Europe, executed the acquisition of Tecnyconta, a precast concrete manufacturer based in Zaragoza, in northern Spain. Through this acquisition, Consolis intends to build up its presence in the Spanish precast concrete building end-market (in both residential and non-residential buildings). Founded in 1993, Tecnyconta is one of the leading precast concrete manufacturers in Spain. It employs more than 300 people and its annual revenues in 2017 were close to €40 million.
This acquisition is a new milestone in Consolis’ growth strategy. Over the past year, Consolis has already acquired Koskela Consulting, a building design office in Finland, and has signed a purchase agreement to acquire TMB Group, a specialist in precast concrete solutions for the building end-market in the Baltics and Northern Europe, which remains subject to regulatory approvals.
Araoz & Rueda advised Consolis Group with a team including Pedro Rueda (Picture) and Guillermo Bueno.
Law Firms: Araoz & Rueda;
Clients: Consolis SAS;