Ayesa, a portfolio company of A&M Capital Europe (AMCE), is to acquire Ibermática, a Spanish IT services firm, from ProA Capital and the remaining minority shareholders, including ONCE and Kutxabank.
The transaction is expected to close in the coming months following approval by the relevant authorities. Terms of the transaction have not been disclosed.
Founded in 1973, Ibermática is widely considered the premier IT services provider for large corporates in Spain and counts many IBEX 35 companies as clients. Ibermática offers a wide-ranging portfolio of solutions spanning IT consultancy, cybersecurity, cloud computing and data analytics. At the end of 2021, the group had approximately 4,750 employees and revenue of €276 million.
Following the recent acquisitions of Byrne Looby in Ireland and M2C in Spain, Ibermática is Ayesa’s third add-on acquisition since AMCE’s majority investment in January 2022.
