SPAIN – Ahorro Corporación sells electronics firm to Siemens

In 2004, Ahorro Corporación and Caixa Panèdes acquired a 52% and 36% stake in the company, investing EUR 11m and EUR 7.5m respectively. The remaining stake was held by the management team. Last year the company reported a turnover of EUR 54m and a EUR 12.8m EBITDA.

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