Dentons has advised the Energy & Industry division of Applus+, a world leader in testing, inspection and certification, on the acquisition of 100% of the company’s shares of Colombian K2 Engineering S.A.S. (“K2”), a consulting, monitoring and technology company with a presence in Colombia, Peru, Ecuador and Guatemala.
K2 has multiple recognitions both locally and regionally as a consulting company with a high component of innovation and sustainability, as well as for the constant investments in (R&D) that it has made and developed in recent years, which has represented income of 13 million euros for the last year.
The closing of the transaction marks a turning point for Applus+ in entering and increasing its participation in the Latin American market, as it reinforces its leadership position in the field of environmental management.
In this regard, Diego Pol (pictured), a partner in the Barcelona office, commented: “It has been a pleasure to once again advise Applus+ on a strategic multi-jurisdictional project. This operation is a perfect example of how our global presence in more than 80 countries and the close relationship between colleagues around the world allows us to handle this type of transaction quickly and fully aligned with the objectives of our clients.”
For his part, Bernardo Cárdenas, managing partner of the Bogotá office, stated: “We are very pleased with the result of this transaction, as we managed to meet the objectives initially set by our client. We are sure that Applus+ will strengthen its regional presence in Latin America and that, in the short term, it will be a leading company in the Latin American market”.
The Dentons team made up of lawyers from Spain, Colombia, Peru and Guatemala advised Applus+ on the cross-border transaction.
The partner Diego Pol (Barcelona) acted as the partner responsible for the relationship and had the collaboration to direct the work in Colombia of the partners Bernardo Cárdenas, Mauricio Borrero and the associate María Paula Macias.