ISASTUR Group has sold ASAS Systems S.L. to VINCI Energies

ISASTUR Group has sold its subsidiary ASAS Systems S.L. to VINCI Energies. Financial details have not been disclosed.

ASAS is a leading Spanish company engaged in the design, manufacturing and integration of turnkey tailor-made projects in handling and transport solutions along the assembly line in the auto industry, as well as a pioneer in automated storage and retrieval systems for tires and automobile parts with tier 1 clients such as the Volkswagen group, Ford and Renault.

VINCI Energies is the energy and information technology services subsidiary of the French-listed group VINCI, a global player in concessions and construction, employing more than 183,000 people in 100 countries. VINCI Energies focuses on connections, performance, energy efficiency and data to fast-track the rollout of new technologies and support two major changes: the digital transformation and the energy transition.

ISASTUR Group is a Spanish holding company founded in 1978 by a team of businessmen and professionals. Time and expertise have resulted in the firm's development and expansion in Spain and in several countries in Europe, Africa, Asia and America. ISASTUR is organized into different companies based on the activities they perform: engineering, and electromechanical assembly and maintenance.

Oaklins' team in Spain advised the seller in this transaction. The team identified and selected potential investors and carried out all negotiations until closing.