Dominion buys engineering firm Commonwealth Dynamics for €5.2m

, ,
Integral service around a transaction
BY : Diego GutiérrezJune Mon, 2016
Dominion, Cie automotive's engineering and technology services subsidiary, which went public in April this year, made its first acquisition as a listed company in March.


Dominion buys Commonwealth

Dominion, subsidiary of Cie automotive has bought the American company Commonwealth for €5.2 million.

5.2M will be disbursed in two tranches: a first payment of $2.1M ('1.8M) at the closing of the transaction and a second payment for the remainder of the agreed amount to be made on a deferred basis over a period of three to five years and linked to the evolution of certain financial and business parameters of the company. Commonwealth Dynamics.

With this purchase, Dominion strengthens its offering in the field of specialised solutions and consolidates its position in markets with great potential in the industrial sector, such as the United States, Chile, Mexico, Peru and India, countries where Commonwealth operates.

Dominion had already made purchases before going public.

Dominion has been growing through acquisitions in very different sectors since 2014, to become one of the multi-sector technology leaders in Spain.

 Among the companies it has acquired are Bilcan (commercial services), Global Near (digital solutions) and Beroa, a company dedicated to the search for industrial solutions and services in the field of applied energy.

Dominion's activity

Dominion offers IT services in different sectors. Its portfolio is very diverse and includes, among others, installation, maintenance and repair services for industrial electronic components. It is currently active in 28 countries.

In the words of Anton Praderas, president of Dominion, "We believe that any physical activity, light, heat, colour, etc. that can be digitised, that can be transported through telematic networks and that we can then analyse it with intelligent software and intelligent big data, so that from there we can dispatch an order for any service, is valid for our business model".

Cie Automotive acquires Amaya Telleria Group

At the same time as Dominion bought Commonwealth, its parent company  Cie Automotive bought Amaya Telleria, an industrial company based in the Basque Country. The transaction price, €186M, values the company at a very high price, (adding debt and equity) almost six times Ebitda.

Other posts that may interest you
If you are looking for financing, contact us, Abra-Invest has an expert team in alternative financing at your disposal, call + 34 946424142 or fill in the contact form.

Other posts that may interest you

Wallapop, Letgo and HallStreet: M&A Spanish companies to gain strength in international market

Diversion of venture capital in Spanish companies: Tyba and Otogami

The M&A Professionals

Meet our services



Do you want to be up to date?


Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?