Baker Tilly advises iPlan on its sale to Vulcain Engineering Group

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Integral service around a transaction
BY : Paul von KesselSeptember Tue, 2023

The acquisition of the stake in iPlan by Vulcain Engineering Group was completed in July 2023. Baker Tilly Advisory Services advised the iPlan Gestión Integral team on this transaction.

Through this transaction, iPlan becomes part of a business group with recognised prestige in the engineering sector while Vulcain Engineering strengthens its position in the energy market, establishes itself in Spain for the first time and expands its competences in electrical and environmental engineering.  

Iplan sold to Vulcain

Target: iPlan Gestión Integral

iPlan Integral Management was founded 15 years ago and has its headquarters in Barcelona with more than 300 employees. It is a company linked to the engineering services of projects developed mainly in the energy sector and civil works, both nationally and internationally

iPlan operates in different business lines such as electrical engineering, civil engineering and construction, legalisation engineering, environmental engineering and renewable energy, health and safety.

Investor: Vulcain Engineering Group

Headquartered in Paris, Vulcain Engineering has become a leading player in the field of consulting and engineering services. It has expertise in the areas of Low Carbon Energy, Renewable Energy, Life Sciences and Railways, with a global presence spanning 18 countries and a workforce of over 3,300 employees. Vulcain's specialist focus on these sectors, coupled with its extensive technical expertise, enables the group to provide high-value services at all stages of the EPCC cycle, as well as offering comprehensive project management solutions.  

"This strategic acquisition represents a fantastic opportunity for both parties. In particular, it will allow Vulcain Engineering Group to strengthen its expertise in power grid projects (transmission and distribution) and renewables and to expand its presence in Spain. Bryan Garnier's team has been instrumental in bringing this transaction to fruition smoothly and in record time. We look forward to the exciting journey ahead and the mutual benefits it will bring to Vulcain Engineering Group and our valued customers."

Alban Guilloteau - CEO of Vulcain Engineering Group

Baker Tilly Advisory:

Baker Tilly advised iPlan on negotiations with the management team of Vulcain Engineering. Alex Wendt, a partner specialising in the sector, led the team. Baker Tilly Advisory Services has a team specialised in Tech M&A and has consistently ranked in the Top 10 in the global M&A market.

Baker Tilly International's corporate finance services include advising on cross-border transactions for clients doing business in multiple locations. Baker Tilly's network spans more than 145 territories, with over 41,000 people working in more than 700 offices.

Baker Tilly International is an international network of professional business services specialising in advisory, consulting, audit, tax, legal, accounting, labour and management services for SMEs and multinational companies.

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