Graña y Montero Announces Acquisition of 44% of ADEXUS
26 Juni 2015 - 1:03AM
Business Wire
Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) (“the
Company” or “Graña y Montero”) a leading Group in engineering and
infrastructure services in Latin America, celebrated today an
investment agreement with ADEXUS S.A., a leading company in
services and solutions of information technology for Chile, Peru,
and Ecuador, whereby it acquires 44% of the share capital of this
company through a contribution of capital of approximately US$ 15
million.
ADEXUS’ capitalization together with GMD’s portfolio of
services, will strengthen the strategic position of both companies
in the region, and will provide a comprehensive range of regional
services.
Carlos Busso, Executive President of ADEXUS, said that the
approach between the two companies will consolidate a comprehensive
range of services at regional level and will expand the technical
capacity to develop integral projects, consistent with the current
market demands. "This first step will allow us to confront more
specialized services and facilitate relationships with our regional
customers through a single point of contact, through the
integration of our processes, the complementarity of our portfolio
of services and technical capabilities of the 3,800 employees
working in both companies.”
Meanwhile, Mario Alvarado Pflucker, Chief Executive Officer of
Graña y Montero Group, highlighted that the vision of regional
business of both companies was a key factor in the strategic
decision of association. "Both Graña y Montero as ADEXUS share in
their vision, the development of their businesses from a regional
perspective and that makes us look towards the same objective".
Jaime Dasso, Chief Executive Officer of the Technical Services Area
of Graña y Montero Group, pointed out that the experience gained in
operational excellence as well as the portfolio of services in his
area, along with the technical capabilities and innovation from
ADEXUS would be the key factors of their value proposition. “The
experience gained in operational excellence and our portfolio of
services, together with ADEXUS’ capabilities and geographic
coverage, allows us to differentiate ourselves from the current
offer and provide more value to the market”.
About ADEXUS
ADEXUS was founded in Chile over 25 years ago and has dedicated
its career to the development and implementation of integrated
solutions and specialized services in the area of Information
Technology and Communications, acquiring over the years the
signature of innovation. It has projected revenues of over US$ 200
million and an important regional presence distributed between
Chile, Peru, Ecuador and Colombia.
It has positioned itself as a leading company in the Chilean and
Latin American market, not only for its career but also because it
represents more than 40 international brands of great prestige,
which added to its experience and professionalism, it has allowed
to implement successful solutions in all sectors of the region.
The international development of Graña y Montero
Group
Founded in 1933, Graña y Montero Group is a publicly traded
company listed on the Lima Stock Exchange and the New York Stock
Exchange, being the only Peruvian company in its sector listed in
both markets.
The strategy of diversification and growth achieved, led the
Group to cross borders, being CAM, specialized in electric services
and telecommunications, the first company that gave the Group a
permanent presence in Chile and Colombia. Then, Vial y Vives and
DSD in Chile joined the Group; and recently in Colombia, the
company Morelco, all from the construction sector. By the end of
2014, the Group had international revenues for US$ 467 million,
which is equivalent to 20% of the Group’s total revenues.
Moreover, outside these countries where the Group has permanent
operations, major projects are being executed in Panama, Bolivia
and British Guyana.
These important advances in the strategy are consistent with the
decision to make a capital increase and list on the New York Stock
Exchange in 2013, aiming to become a regional leader in the
engineering and infrastructure areas, especially in Peru, Chile and
Colombia.
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Graña y Montero S.A.A.Dennis Gray, 511-213-6583Investor
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Officerdgray@gym.com.perelacion.inversionistas@gym.com.pe
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