This deal complements BME’s geographical coverage, entering in the attractive Spanish market
BME Group announces it has reached an agreement, subject to customary competition and foreign investment clearances, to acquire Grupo BMV, a market leading supplier of interior finishing building materials with 36 distribution centers across Spain.
With this acquisition, BME Group’s geographical coverage will expand with a strategic foothold in the Spanish market, enabling continued innovation and further market consolidation across its operations.
Since the investment in Grupo BMV in 2019 of international Private Equity Fund ‘Abac Solutions’, the company has reached industry leading standards of management, sustainability, processes, quality, and profitability which helped consolidating the company’s leadership in the Spanish market. Grupo BMV employs approximately 375 people. The current management team, led by CEO Josep Suriñach, will continue to lead the business following the acquisition.
Remco Teulings, Group CEO of BME, said: “This acquisition of Grupo BMV marks an important milestone in the journey of our company with the entry into a new, attractive growth market. It also provides further balance to our already diversified geographic footprint. We believe that Grupo BMV – with its brands Isolana, La Especialista, Isopractor and La Instaladora – is well positioned to further expand its leading position under the leadership of Josep Suriñach and his team. We very much look forward welcoming the Grupo BMV employees to our group”.
Financial details of the transaction will not be disclosed.
On 1 October 2021, BME Group (BME) completed the divestment of 12 branches in Normandy, part of BME France. The divestment of these branches to Point P allows Raboni (GBM) […]
Today (1 October 2021) BME Group announces the acquisitions of Planasdis Girona, SL (Planasdis), closed on 1 August 2021, and of Yesyforma Europa, SL (Yesyforma) which closed on 1 October […]
Today (30 September 2021) BME Group completed the acquisition of Baucentrum Cronrath’s (Cronrath) general building materials (GBM) distribution activities from the shareholders of Cronrath, which will enable BME Group to […]
Strong first half year performance driven by a strong market, delivery on strategic initiatives and value accretive bolt-on acquisitions
Financial results H1 2021 versus H1 2020• Revenue up (+10.6%) to €2,050 million • Normalized EBITDA increased by 35.8% to €168 million• Normalized EBITDA margin increased from 6.7% to 8.2% […]
BME Group (BME) and the shareholders of the De Jong & Roos B.V. have reached an agreement on the sale of its shares to BME. De Jong & Roos is […]
BME Group strengthens its market position in Eastern France with the acquisition of Silix and entered into exclusive negotiations with Point.P for the divestment of Raboni Normandie
Today, BME Group (BME) announces (i) the acquisition of Silix TP et Environnement (Silix) in the Eastern part of France, and (ii) entering into exclusive negotiations with Point.P (a Saint […]
Today (1 September 2021) BME Group completed the acquisition of the remaining 50% of the share capital in Modelo – Distribuição de Materiais de Construção S.A. (“Maxmat”) from Sonae MC, […]