Estudios, Montajes y Tendidos Eléctricos explained

EMTE SA
Fate:Merged with Grupo COMSA
Successor:COMSA EMTE
Foundation:1961
Location City:Barcelona
Location Country:Spain
Industry:Electrical engineering
Products:Electrical transmission systems
Revenue:turnover (millions):
€161.97 (2003)
€400.3 (2005)
€493.0 (2006)
€618.6 (2007)
€711.9 (2008)
Num Employees:1310 (2003)

EMTE SA (an acronym for "Estudios, Montajes y Tendidos Eléctricos") was a Spanish industrial engineering group specialising in industrial electrical installations and control systems.[1] The company also provided a variety of industrial installations including waste and waste water management, climate control, telecommunications, and automated painting and welding.[2]

History

EMTE was founded as an electrical generation and installation company in 1961.[3] In 1970 the company was renamed EMTE,[2] and became a public company.[4] The company diversified into general electromechanical and low voltage (mains) installations, then in the 1980s the company developed industrial control systems, electronics and telecommunications, and expanded throughout Spain. In the 1990s the company began developing turnkey waste treatment plants, and later entered into the renewal energy business.[3]

In 2003 Aguas the Barcelona (Agbar) acquired a 35% share in the group,[5] with an agreement to raise its share to 50% by 2006 and to integrate its ADAS Systems, Aquatec, AQUAPLAN Agbar and maintenance operations in Emte.[6] Agbar's shareholding increased to 50% in April 2004. In December 2006 Agbar announced that it was to sell its 50% share in Emte for €107.3million to the Sumarroca group increasing its original 17% share to 67%.[7] The remaining shares from the 1961 founder of the company were also acquired by Sumarocca.[8] The holding company 'Solduga SA' was created by the Sumarroca family for the acquisition.[9] In 2007 Banco Sabadell and Caja Madrid became shareholders.

In 2009 Sumarroca's share was 60% and Banco Sabadell and Caja Madrid both had taken 20% stakes.;[10] in May 2009 Emte agreed to merge with the construction and infrastructure group Comsa to form COMSA EMTE in a 70:30 shareholding distribution (Comsa shareholders 70%).[11]

Company structure

In 2009 the group was divided into five sectors, each composed of several companies:[10]

External links

Notes and References

  1. Web site: EMTE SA (EXTINGUIDA) de ESPLUGUES DE LLOBREGAT: Informe mercantil, financiero y de riesgo. Spanish.
  2. Web site: EMTE, SA. https://web.archive.org/web/20121009080115/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=5705691. dead. October 9, 2012. Bloomberg. investing.businessweek.com. 25 June 2011.
  3. Book: Jordi Pujol: en nombre de Cataluña. Félix Martínez, Jordi Oliveres. DEBATE. 2005. Spanish. 247.
  4. Web site: COMSA EMTE : History. 26 June 2011. www.comsaemte.com. https://web.archive.org/web/20120320173809/http://www.comsaemte.com/wps/portal/ComsaEmteWP?WCM_GLOBAL_CONTEXT=%2Fwps%2Fwcm%2Fconnect%2FWPen%2FWebPublica%2FMenu+Superior%2FQuienes+somos%2FAS+Historia. 20 March 2012. dead.
  5. Web site: Aguas de Barcelona compra el 35% de Emte. Spanish. 25 June 2003. www.euroinmo.com.
  6. Web site: Agbar comprarà el 50% d'Emte i l'integrarà en les àrees d'enginyeria i manteniment. 16 June 2003. Catalan. www.vilaweb.cat.
  7. Web site: Agbar vende el 50% del grupo Emte a Sumarroca por 107,3 millones de euros. 22 December 2006 . Spanish. www.eleconomista.es.
  8. Web site: Agbar vende el 50% de Emte por 107 millones. www.cincodias.com. Spanish. 23 December 2006.
  9. Web site: Agbar vende a Solduga el 50% de Emte por 107,3 millones de euros. 22 December 2006. www.estrategiasdeinversion.com. Spanish.
  10. Web site: EMTE : Presentación General, April 2009. 2009. Grupo Emte. www.saciva.com. 2011-06-25. https://web.archive.org/web/20120326025843/http://www.saciva.com/wp-content/uploads/file/EMTE.pdf. 2012-03-26. dead.
  11. Web site: COMSA and EMTE integrate to form leader in infrastructure and services sector. 7 May 2009. Grupo Comsa, Emte. comsaemte.us. 25 June 2011. https://web.archive.org/web/20120727195157/http://comsaemte.us/eng/pressreleases-64-1.htm. 27 July 2012. dead.

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