BME Group expands its footprint in the Spanish market with acquisitions of Yesyforma and Planasdis
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 2021. With these bolt-on acquisitions, BME Group will further strengthen its geographical coverage in the Spanish market as part of the Spanish Grupo BMV operations.
The acquisition of Planasdis enables Grupo BMV to enter the Girona area, one of the most active areas in Catalonia. The company was founded in 2001 and it is one of the key players in the General Builder Merchant (GBM) segment with a strong market reputation in Girona. It has one location and has ten employees.
Yesyforma, founded in 1989, is one of the prominent players in the GBM sector in the north of Spain and enables Grupo BMV to expand its market position in this Northern region. The distribution arm of Yesyforma has three locations, Zaragoza, San Sebastián and Bilbao and has fourteen employees.
Grupo BMV, headquartered in Barcelona, operates under the leading GBM brands Isolana, La Especialista, Isopractic and La Instaladora. Grupo BMV has a network of 40 branches all over Spain, employs close to 400 employees and is part of the BME Group since 1 June 2021.
Financial details of the transaction will not be disclosed.
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