EY Abogados advises on the acquisition of a majority stake in Siex 2001 by Acon Investments

EY Abogados has advised on the acquisition of a majority stake in Siex 2001 by Acon Investments.

Acon Investments and its affiliates (“Acon”) have completed the acquisition of a majority interest in Siex 2001 (“Siex” or the “Company”). Siex designs, certifies, manufactures and distributes gas-based fire suppression solutions to customers in over 70 countries where water-based solutions are ineffective or inadequate. The company is headquartered in Burgos, Spain, with operations worldwide.

As part of the transaction, Siex’s founders, Juan Emilio Andino and Raul Melgosa, will remain with the company and will be responsible for its continued expansion. Acon’s investment in Siex will allow the company to continue to develop innovative fire suppression equipment, expand its presence in new verticals and geographies, and provide premium service to its existing customer base.

José Carnerero (partner) and Miguel Bacquelaine (senior) were in charge of the legal advice. They also provided financial vendor due diligence advice and on the M&A side.