SPAIN – Caja Inmaculada acquires 25% stake in engineering firm

Aragon-based solar and thermal engineering company ASE Soluciones specialises in the deployment, control and maintenance of all types of solar energy facilities. The company’s headquarters are in Zaragoza (northeast Spain) with offices in Madrid, Seville (south) and Valencia (east). In 2008, the company projects a turnover of EUR 6m.

According to reports the capital injection will serve to expand the company’s presence, develop new activities and business opportunities.

Earlier this year CAI acquired a 20% stake in leisure sector company Campusport through a capital expansion deal and more recently it acquired Aragon retailing chain Martín Martín.

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• Topics
• Expansion
• Southern Europe
• Consumer