Deal advised in the tourism and ICT field: Grupo CMC acquires Brújula
Grupo CMC acquires Brújula, positioning itself as the business solutions provider of reference in the tourism sector
Grupo CMC, a Spanish consulting firm in the Information and Communications Technology (ICT) field, becomes one of the leading suppliers of technological solutions and ICT services for the tourism sector, with the integration of Brújula – Information Technologies , founded in 2000 and one of the most renowned firms in this market. The counsel of the mandate was ONEtoONE Corporate Finance.
Important M&A deal in the tourism and ICT sector
This acquisition will provide synergies to Grupo CMC with regards to the tourism sector, taking advantage of the strengths of both organizations. Thus, Grupo CMC will add positioning and technological specialization of Brújula in the tourism sector to its experience in technological solutions to transform businesses in the digital economy. In its portfolio, Brújula has leader companies in this sector as clients, as well as a very consolidated presence in the Balearian business network.
Through this acquisition, Grupo CMC will offer cutting-edge technology to the turistic sector. The company is already consolidated in other sectors like Telecommunication, Utilities, Infrastructures, Automotive and Retail, integrating IoT solutions, Artificial Intelligence, big data, advanced analytics and Cybersecurity
Goals of the deal advised by ONEtoONE
In this context, Grupo CMC wants to take part in the Spanish tourism sector’s international growth. The Group is already present in Portugal, Italy, Mexico and Colombia.
Grupo CMC closed 2017 with a 36,3 million Euro turnover and, according to the economic forecast, the tourism business will represent 18% of the total turnover, and by the end of 2018, they will amount to a figure greater than 56 million Euros.
Grupo CMC increased its number of staff and now employs 820 professionals who are now working for the company. In 2016 they employed 750 professionals. Through this acquistion, their staff has grown by 150.