Cisco and NTT DATA Partner to Empower Global Mobile Workforce with Simplified Access to 5G Connectivity
Expanded global partnership and co-innovation enhance secure and cost-effective ...
News
2 min read
Grupo Aire confirms the purchase by Ardian Buyout
24 Jun, 2022
June 21, 2022 - Grupo Aire confirms that the French fund Ardian Buyout, the division of the French technology specialist fund, has bought Magnum's stake in the Spanish telecommunications group , which it acquired in 2018, in an operation estimated at around 600 million of euros. The founding partners of the company will continue to maintain the same percentage of their shareholdings and the management team will continue to lead the management of the group. With this commitment from Ardian Buyout, Grupo Aire will be able to continue with its organic and inorganic growth strategy, which began in 2019 with the purchases of Prored, Unelink, LCRcom and AR Telecom, and strengthen the four main areas of its business: cloud technology, connectivity, mobile enabler and unified communications.
“
That a fund as important as Ardian Buyout has not only focused on Grupo Aire, but has also shown so much interest in becoming part of its shareholding is excellent news for all of us who are part of the group
”, affirms Raúl Aledo , CEO of Grupo Aire. “
Four years ago we established a roadmap that would lead us to become one of the main players in the telecommunications sector at a national and international level and the entry of this new financial partner not only makes it possible to continue this project, but also represents a new dimension when it comes to continuing to grow
”. On the other hand, Aledo wanted to highlight that “at the operational level, the signing of this operation does not imply any change. And it is something that I want to underline above all in view of our excellent human capital. For us, from the beginning, the most important thing has always been people and will continue to be. There will be no changes in this regard. We will continue applying our policy of incorporating companies in the same way that we have done so far, maintaining and promoting the current work teams, which are largely responsible for the success of the group”.
For the head of Grupo Aire “
this important agreement allows us to promote entry into other markets for all our lines of activity, for which we are going to develop a new strategic plan together with Ardian Buyout, with whose heads we have had a special understanding
”, he assures. “
We are very grateful to all the companies that have shown interest in us. The knowledge of the sector by this Private Equity has been decisive in decision-making. For this reason and because we have felt a special closeness from the first moment, we are very satisfied with this operation”
, he concludes.
The operation is pending approval by the pertinent regulatory authorities, which will foreseeably take place in the last quarter of the year.
