ADELTE Group welcomes new investors

A group of eight Spanish private industrial investors have formalized the purchase of 50.5% of ADELTE's shares from venture-capital fund, Baring Equity Group.

The deal finalises an 11-year involvement of Baring in ADELTE, (an abbreviation of ADvanced ELevation TEchnologies).

In 2011, ADELTE Group signed an agreement with Baring Private Equity Partners to increase ADELTE's capital and to support its growth in the areas of seaports and airports passenger booarding bridges, while at the same time increasing its services business. 

Worldwide presence

The agreement allowed the development of airport and port activities throughout the world, expanding ADELTE's presence in more than 37 countries and exporting 80% of its business through advanced engineering solutions.

ADELTE Group structure is now composed of the following shareholders: The new eight private industrial investors (50%), the founding families (45%) and members of the Management Team (5%).

Josep Maria Bartomeu, president of ADELTE Group commented: 'We are very grateful for the contribution and support made by Baring Private Equity during all these years; they have been a great partner by allowing us to continuously improve our management systems. This change in the shareholding entails a strong commitment to ADELTE and reinforces the company's financial structure to undertake an ambitious and exciting business plan in the coming years. 

'The executive team that has been doing a great job during tthe pandemic will continue to be responsible for management of the Group. Although our current turnover continues to be affected by the pandemic, the plan is to reach pre-pandemic figures in the next three years,' he added.