EMTE
 | |
| Industry | Electrical engineering |
|---|---|
| Fate | Merged with Grupo COMSA |
| Successor | COMSA EMTE |
| Founded | 1961 |
| Defunct | 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]
- Instalaciones eléctricas (electrical installations) - installation and maintenance of electrical generators, substations, power cables and related equipment, railway electrification
- Sistemas y Tecnología (systems and technology) - Telecommunications and remote control and sensing
- Mantenimiento y Servicios (maintenance and service) - management and maintenance of facilities
- Instalaciones mecánicas (mechanical installations) - climate control, fire control systems, clean room and biosecurity
- Medio Ambiente (environment) - turnkey plants for waste treatment and recycling, waste gasification, renewable energy.
References
- 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.
- 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.
- 1 2 3 4 5 6 7 8 "EMTE : Presentación General, April 2009" (PDF). www.saciva.com. Grupo Emte. 2009.
- ↑ "EMTE SA (EXTINGUIDA) de ESPLUGUES DE LLOBREGAT: Informe mercantil, financiero y de riesgo" (in Spanish).
- 1 2 "EMTE, SA". investing.businessweek.com. Bloomberg. Retrieved 25 June 2011.
- 1 2 Félix Martínez, Jordi Oliveres (2005). Jordi Pujol: en nombre de Cataluña (in Spanish). DEBATE,. p. 247.
- ↑ "COMSA EMTE : History". www.comsaemte.com. Retrieved 26 June 2011.
- ↑ "Aguas de Barcelona compra el 35% de Emte". www.euroinmo.com (in Spanish). 25 June 2003.
- ↑ "Agbar vende el 50% de Emte por 107 millones". www.cincodias.com (in Spanish). 23 December 2006.
- ↑ "Agbar vende a Solduga el 50% de Emte por 107,3 millones de euros". www.estrategiasdeinversion.com (in Spanish). 22 December 2006.
- ↑ "COMSA and EMTE integrate to form leader in infrastructure and services sector". comsaemte.us. Grupo Comsa , Emte. 7 May 2009.