Cuatrecasas and PwC Legal advise on Intesis Software transaction

Sweden-headquartered HMS Industrial Networks AB, a wholly owned subsidiary of HMS Networks AB, was advised by Cuatrecasas Gonçalves Pereira on its acquisition of Spain’s Intesis Software.


The owners of Intesis – private investors Pedro Lumbreras and José Cerón – were advised by PwC Legal on the transaction.

Intesis provides software for HVAC (Heating, Ventilation and Air Conditioning) systems.

The deal was worth €13 million, according to Mergermarket data. The purchase price is paid in cash after adjustment for the net debt and working capital position of Intesis per May 31, 2016.

A further €2 million may become payable in early 2019 if certain financial targets are met.

The acquisition did not require any regulatory clearances. Intesis will be consolidated into the HMS Group as of June 30, 2016.

In 2015, Intesis had net sales of €5.6 million and EBITDA (earnings before interest, tax, depreciation and amortisation) of €2.4 million. In the last three-year period, Intesis’ sales have grown at a compounded annual growth rate in excess of 20 per cent, according to an ID Logistics statement said.

Cuatrecasas and PwC Legal advise on Intesis Software transaction

Ben Cook

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website

Iberian Legal Group, S.L.
Registered office: C/ Ríos Rosas 44A - 2 G,H 28003 Madrid España

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram