EMTE

For other uses, see Emte (disambiguation).
EMTE SA
Industry Electrical engineering
Fate Merged with Grupo COMSA
Successor COMSA EMTE
Founded 1961
Defunct 2009 (2009)
Headquarters Barcelona, Spain
Products Electrical transmission systems
Revenue turnover (millions):
€161.97 (2003)[1]
€400.3 (2005)[2]
€493.0 (2006)[3]
€618.6 (2007)[3]
€711.9 (2008)[3]
Number of employees
 1310 (2003)[1]

EMTE SA (an acronym for "Estudios, Montajes y Tendidos Eléctricos") was a Spanish industrial engineering group specialising in industrial electrical installations and control systems.[4] The company also provided a variety of industrial installations including waste and waste water management, climate control, telecommunications, and automated painting and welding.[5]

History

EMTE was founded as an electrical generation and installation company in 1961.[6] In 1970 the company was renamed EMTE,[5] and became a public company.[7] 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.[3] In the 1990s the company began developing turnkey waste treatment plants,[3] and later entered into the renewal energy business.[6]

In 2003 Aguas the Barcelona (Agbar) acquired a 35% share in the group,[8] 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.[1] Agbar's shareholding increased to 50% in April 2004.[2] 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%.[2] The remaining shares from the 1961 founder of the company were also acquired by Sumarocca.[9] The holding company 'Solduga SA' was created by the Sumarroca family for the acquisition.[10] In 2007 Banco Sabadell and Caja Madrid became shareholders.[3]

In 2009 Sumarroca's share was 60% and Banco Sabadell and Caja Madrid both had taken 20% stakes.;[3] 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:[3]

References

  1. 1 2 3 "Agbar comprarà el 50% d'Emte i l'integrarà en les àrees d'enginyeria i manteniment". www.vilaweb.cat (in Catalan). 16 June 2003.
  2. 1 2 3 "Agbar vende el 50% del grupo Emte a Sumarroca por 107,3 millones de euros". www.eleconomista.es (in Spanish). 22 December 2006.
  3. 1 2 3 4 5 6 7 8 "EMTE : Presentación General, April 2009" (PDF). www.saciva.com. Grupo Emte. 2009.
  4. ↑ "EMTE SA (EXTINGUIDA) de ESPLUGUES DE LLOBREGAT: Informe mercantil, financiero y de riesgo" (in Spanish).
  5. 1 2 "EMTE, SA". investing.businessweek.com. Bloomberg. Retrieved 25 June 2011.
  6. 1 2 Félix Martínez, Jordi Oliveres (2005). Jordi Pujol: en nombre de Cataluña (in Spanish). DEBATE,. p. 247.
  7. ↑ "COMSA EMTE : History". www.comsaemte.com. Retrieved 26 June 2011.
  8. ↑ "Aguas de Barcelona compra el 35% de Emte". www.euroinmo.com (in Spanish). 25 June 2003.
  9. ↑ "Agbar vende el 50% de Emte por 107 millones". www.cincodias.com (in Spanish). 23 December 2006.
  10. ↑ "Agbar vende a Solduga el 50% de Emte por 107,3 millones de euros". www.estrategiasdeinversion.com (in Spanish). 22 December 2006.
  11. ↑ "COMSA and EMTE integrate to form leader in infrastructure and services sector". comsaemte.us. Grupo Comsa , Emte. 7 May 2009.

External links

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