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Tuesday, May 21, 2024

KPMG Abogados advises Econocom Group on Semic acquisition

KPMG Abogados has counselled Econocom Group on the acquisition of the IT solutions company Semic

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KPMG Abogados (Madrid office) has provided legal advice to Grupo Econocom España, S.L., the Spanish subsidiary of the international group Econocom, in the investment in Servicios Microinformática, S.A. (Semic).

Semic is a global provider of IT solutions and services with more than 40 years in the Spanish market, focused on implementing new technologies to improve competitiveness in both private companies and public administrations. The transaction, which value has not been disclosed, implies the expansion of the Econocom group in Spain. Operating in 16 countries, Econocom is the only European contractor to cover the full chain of digital business lines: equipment, services and financing.

KPMG Abogados’ team was led partner Javier Bau Cabestany, senior manager Borja Marqués Triay and associate Esperanza Barragán García. Additionally, the team of KPMG Abogados also involved labour law partner Francisco Fernández, tax director Jose Ignacio González del Castillo and public law director Ana López. Deal Advisory partner Beltrán Romero and his team carried out the financial due diligence exercise.

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