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Thursday, April 18, 2024

CMS Spain assists Kabel’s shareholders with its sale to Avanade, advised by Garrigues

CMS Albiñana & Suárez de Lezo has advised the shareholders of Kabel on the sale of the company to Avanade; owned by Accenture and Microsoft and advised by Garrigues

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Avanade, the leading Microsoft solutions provider and an Accenture and Microsoft joint venture, today announced it has acquired Kabel, a leading Spanish digital transformation solution provider, and key Microsoft partner. Kabel’s capabilities in multi-cloud, artificial intelligence, data, and application development will further bolster Avanade’s already strong position in Spain and wider Europe. This is Avanade’s fifth European acquisition in three years.

The acquisition will strengthen Avanade’s business, expertise, and capabilities across the entire spectrum of digital technologies, with a particular emphasis on data and AI, cloud infrastructure and management, software development, and applications. With the addition of Kabel’s almost 300 professionals, the combined team will offer the Spanish market broad and deep expertise in customized, end-to-end business transformative solutions in all industry segments.

“Kabel has garnered a solid reputation as being a bold, agile partner that can design innovative, highly complex solutions that drive business transformation,” said Silvia Vidal, Avanade Iberia General Manager. “Its close relationship with clients, employees, Microsoft, and other partners, is one Avanade deeply respects. We value their skills and experience, which will extend our ability to make a genuine human impact for our Spanish clients and their customers.”

“Kabel has experienced strong growth in recent years due to the rapid increase in demand for transformative solutions, achieving a market leadership position in this type of solutions, as well as recognition as a Gold Microsoft partner with fourteen Gold competencies and five advanced specializations,” commented José Ramón Barriocanal, Kabel CEO.

“In order to continue growing in a sustained and sustainable way, it is necessary to have the best travel companions. Avanade shares our values and its relationship with Accenture will allow us to take on even more complex projects and offer our clients a broader range of technologies and solutions while continuing our commitment to helping our clients improve society through technology,” added Alfredo Rivela, Founder and President of Kabel.

CMS Spain’s team was led by Tax counsel Ricardo Héctor, with Corporate / M&A support from senior associate Guillermo Donadeu and associate Álvaro Valentín.

Mónica Martín de Vidales

Garrigues’ team advising Avanade was led by partner Mónica Martín de Vidales, along with senior associate María Caño and associate Sofía Rubiales.

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