Handled with care: divestment of Spie Automotive Systems
August 2007
Spie Automotive Systems has been acquired by its management in a buy-out backed by Valcapital .Headquartered in Spain, Spie Automotive Systems is a supplier of turn-key automated handling systems for the automotive and other industrial sectors. With over 16 years of experience the Company has worked for the main global automotive manufacturers and has a strong reputation and market position.
Livingstone Madrid, working with French associates Trianon Corporate Finance were appointed by SPIE group to handle the sale as part of its strategic plan to concentrate on its core activities.
Valcapital is venture capital fund located in Valencia, Spain and specialises in investments in companies with sales over €40 million.
Management were delighted when Livingstone offered Valcapital the opportunity to acquire the business, as their plans to expand it into new markets and geographies as an independant business could be fulfilled.
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