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Monday, April 15, 2024

GA_P guides Kardham´s acquisition of Spain´s Gabiteco

Gómez-Acebo & Pombo has advised France´s Groupe Kardham on its acquisition of Spain´s family-owned business property operator Gabiteco

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Groupe Kardham, a French consulting, architecture, space design and engineering firm, has acquired Spain’s Gabiteco. Gabiteco is dedicated to the design of spaces, architecture, consultancy and execution of works for companies and corporations.

After Portugal in March 2021 and Germany at the end of 2021, this arrival marks an acceleration of the Group’s European expansion strategy, which began in 2019.

Founded in 1968 in Madrid, Gabiteco (GABInete TEcnico COmercial) is a family-owned business property operator with more than thirty employees providing consultancy and support services for the development of work spaces. The company specialises in design & build, which accounts for most of its turnover, and also offers facility management services.

Thanks to this merger, Gabiteco is able to complete its offer derived from Kardham’s range of businesses: the company can now offer cross-disciplinary skills, particularly in engineering, digital, architecture and consulting. The acquisition also provides Kardham with a local presence and a perfect knowledge of the local market to support its clients’ developments in Southern Europe. With this physical presence in Spain, Kardham will also be better equipped, gaining in efficiency and competitiveness, to respond to consultations issued throughout Spain. Finally, the Group also sees this arrival as an opportunity to extend and strengthen its presence on the Portuguese market, by bringing Gabiteco’s design & build expertise to its Portuguese subsidiary created in March 2021.

“Beyond the great development prospects for our two entities that this operation represents, we are happy, by welcoming Gabiteco into the Kardham community, to contribute to the continuation of a strong and embodied family success story. In addition, by leveraging the proximity and synergy between our teams located in the south of France, Toulouse and Bordeaux, and the one in Lisbon, our presence in Spain will serve Kardham as a bridgehead for our development in the Iberian region,” said Ursula Raidt, Strategic Development & International director of the Kardham Group.

GA_P advised Group Kardham with a Corporate team made up of partner Guillermo Guerra, lawyer and member of the firm´s French Desk Clara Rivero and lawyer Patricia Pérez Beade.

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