TSG Ibérica strengthens its expertise in the field of electric mobility with the acquisition of HEMAG S.A.
TSG, the European leader in technical services for sustainable mobility solutions, is pleased to announce the acquisition of HEMAG S.A., a key electrical engineering and services company with a turnover of more than 13 million euros and headquartered in Madrid.
HEMAG has more than 40 years of experience in the field of engineering and installation and maintenance of electrical infrastructures, offering professional and high-quality solutions. With its national network of 160 engineers and technicians, HEMAG is becoming one of the main players in the installation of electric vehicle charging points in Spain.
With the acquisition of HEMAG, TSG strengthens its teams in the electrical field with experienced electrical experts to further accelerate its strategic transformation towards new mobility in Spain. The integration of the HEMAG team will allow TSG to leverage a strong and stable organisation to respond to each customer’s needs in the design, construction and maintenance of electric mobility infrastructures. Both companies will benefit from the commercial synergies and the complementary nature of their respective networks in Spain.
Th current Managing Director of HEMAG Eduardo Marco will take over the electrical division of TSG Ibérica, under which HEMAG will be integrated.
Following similar acquisitions, the addition of HEMAG reinforces TSG’s strategy to responsibly transition towards the development of new energy deployments for mobility, quality infrastructure and to offer a unique window for innovative power and retail installation solutions.
The TSG team is pleased to extend a warm welcome to all HEMAG colleagues and wish them every success as part of the TSG Group.
Anquor Corporate Finance has acted as advisor to the buyer.