Econocom buys Spanish company Caverin Solutions
EL Galo Econocom Group wants to be the technological actor of reference in Europe to accompany companies in their digital transformation, and to achieve this it is taking different steps, one of which was the acquisition of Caverin Solutions in December 2015.
Caverin Solutions is a Spanish company in the ICT sector that provides audiovisual services, energy efficiency, and develops mobility solutions and projects.
This acquisition will allow Econocom to expand its offering of digital solutions in Spain, offering companies a complete portfolio with specialised advisory and pre-sales services, distribution, extended coverage and warranties, as well as possible financing.
In addition, Caverin's strategic positioning as a reference and trusted partner in the Spanish market will enable the rapid creation of local commercial synergies with the main manufacturers already working with the group.
"In 2012 Econocom purchased the Spanish company Ermestela leading player in the virtualisation sector in Spain," says Diego Gutierrez of Abra-Invest.
In addition, Econocom last year presented its external growth strategy and announced that it would realise acquisitions of medium-sized companies with a strong entrepreneurial culture, mainly focused on 5 sectors: security, internet and mobile applications, cloud platforms, infrastructure and network infrastructure and consultancy, and the healthcare sector. Among the strategic areas where they wanted to put their radar were: Benelux, Spain, France and Italy.
One of the characteristics of Econocom's acquisitions is that the companies in which the Group chooses to invest maintain real autonomy, with management managers owning part of their share capital, with the aim of respecting the unique characteristics of each entity, which favours creativity, growth and adaptation. It also helps to reinforce the Group's image.
Among the acquisitions it made last year were: Alter Way, Bizmatica, Nexica and Norcod.
Nexica is a Spanish cloud expert and critical application hosting provider, which achieved a turnover of €8.6M in 2014. Nexica was acquired by Digital Dimension, a subsidiary of Econocom.
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