Nexxus Capital acquired Fuertes Gimeno Comunicaciones.

Nexxus Capital acquired Fuertes Gimeno Comunicaciones, Spanish engineering. Financial terms were not disclosed. Fuertes Gimeno Comunicaciones offers services to operators and manufacturers of telecommunications equipment for the design, implementation, updating and optimization of mobile and fixed networks. And as an expert in this activity occupies a privileged place to take advantage of the expected deployment of 5G technology, among other innovations. “This investment is in the fairway of Nexxus Iberia’s strategy, as we are investing in an internationalized Spanish SME, with over 60% of its revenues in Spain and nearly 40% from LatAm. It validates our original thesis that having on-the-ground presence in LatAm to support growth in the region is compelling to Spanish companies”. Pablo Gallo, Partner at Nexxus Iberia commented: “Mr. Fuertes, the founder of FGC and Mr. Vidal de Torres, the Chief Executive, together with an excellent human team, have built a solid business that has the trust of its clients internationally, and we look forward to supporting it in the next level of its development”. Maite Ballester, Nexxus Iberia Managing Partner.