PIB Group completed the acquisition of Engloba.

PIB Group, a group of insurance advisory businesses, completed the acquisition of Engloba, an insurance broker. Financial terms were not disclosed. “We are very excited to be joining PIB Group, which is an exciting moment for everyone at Engloba. Our success is thanks to the hard work of our dedicated team and loyal clients, which has enabled us to offer an attractive proposition to PIB. One of the main drivers for our decision is that we are impressed with the Group’s increasing presence in Spain as well as globally, which are very proud to be able to contribute towards. This, coupled with their experience of successfully integrating companies, provides a strong foundation for the future to keep growing and see PIB move into the top tier of the Spanish market for insurance business,” José Luis Mañero, Engloba President.