Livingstone takes control of Denion Deal
Livingstone’s Business Services sector team has advised the shareholders of Denion Control y Sistemas in the sale of the company to Barcelona-based industrial group Abantia Empresarial.
Denion is a leading provider of technical services focused on electricity, automation, control systems and flexible manufacturing for industrial projects and facilities, with sales of €20m in 2010.
Headquartered in Cornellá, the company was founded in 1988. Denion has three offices in Spain – Tarragona, Zaragoza and Puertollano – and a subsidiary in Mexico, Dumez Copisa. Through this subsidiary, Denion provides services to the Federal Commission of Electricity and to Pemex among others.
Abantia is a well-established group, specialising in applied engineering, planning, development and installation of complex systems. With sales over €250m, the group is one of the Spanish market leaders of facilities and industrial maintenance.
Denion’s services portfolio and geographic coverage (particularly in Mexico and Tarragona) were key factors for Abantia when considering Livingstone’s approach. The transaction fits perfectly into Abantia’s growth plan.