TESYA, through its subsidiary in Spain Finanzauto SAU, has acquired the company specialised in machinery rental Emerent. After a phase of analysis of the sector, Mazars carried out the analysis, valuation and subsequent negotiation with Emerent until closing the agreement. In this way, Emerent joins a leading industrial group in several sectors, which will allow it to strengthen its national position.
The acquired Spanish company Emerent is of Asturian origin with presence in Cantabria, Madrid, Valencia and Cáceres. Emerent’s activity is the rental of construction machinery for civil and industrial works, although it also offers integral solutions for equipment and assembly in the organisation of social, recreational or cultural events.
As Agustín Fernández Miret, Mergers and Acquisitions partner at Mazars explains, “the complex situation of the market and the sector, as well as the time and the criteria established for the viability of the operation have generated an additional challenge to achieve the agreement. We are convinced that Finanzauto’s sector knowledge and experience, the complementary nature of its activities and Emerent’s prestige in the sector will allow us to generate numerous synergies between the two companies.”
On the other hand, according to Pierre-Nicola Fovini, CEO of Finanzauto in Spain, “TESYA is among the first groups in constant growth in the rental landscape. Rental is a business that requires a long-term vision, because it is an activity with heavy investments in machinery and processes, and the offer is becoming more and more sophisticated. At TESYA we want to position ourselves as a general supplier capable of guaranteeing turnkey, end-to-end solutions, and we are sure that thanks to the acquisition of Emerent, we will be able to make a qualitative leap in this aspect in the Spanish market.”
Mazars advised Finanzauto with an M&A team led by partner Agustín Fernández Miret, together with M&A director Irene Diez and M&A senior analyst Pedro Cadahía.