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Thursday, May 16, 2024

RJ guides EIT Urban Mobility´s stake acquisition in Libelium

RocaJunyent has advised EIT Urban Mobility, S.L., a minority investor in the start-up Hopu, on the acquisition of shares in Libelium following the sale of Hopu to the company.

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HOPU, a company born in Ceuta in 2014, is a leader in innovation in the Internet of Things (IoT) solutions and smart cities. Libelium is a Spanish technology company, founded in Zaragoza in 2006, which designs and manufactures wireless sensor network devices.

The acquisition of HPU by Libelium was part of the company´s growth plan following the venture of a stake by Axon Partners.

The United Nations Sustainable Development Agenda was adopted in 2015 with the aim of achieving seventeen Sustainable Development Goals (SDGs) by 2030. We are halfway there and, although we are on the right track, we need a big push to meet them.

With this challenge in mind, Libelium took another step forward in its corporate strategy. Libelium and acquired HOPU, a leading company in the development of Air Quality, Smart Cities and Infrastructure solutions.

This is a milestone in Libelium’s history of which we are extremely proud. Libelium is now a more powerful, agile and solid team with a workforce of more than 80 highly skilled people and a broader product portfolio. Ready for the big push. The deal was part of the organic and inorganic growth plan that Libelium initiated after Axon Partners took a stake in the company in June 2021.

RocaJunyent advised EIT Urban Mobility with a Barceona office team led by partnery Xavier Costa, together with lawyer Carla Munt.

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