The company had been fastly growing in its core business, mainly with public clients, so the Company was forced to finance the working capital increase coming from the growth and the increase in the DSO. This situation result on the convenience of increasing the capital in the company to finance the growth of the business-
On the other hand, the shareholders and managers of the Company had driven the company to a relevant sales level so achieving a higher stage required other management practices and a stronger business organization.
The integration of the company into GIMENO GROUP, a highly structured professional organization with a turnover of more than EUR 300m euros and a staff of more than 4,500 employees, would allow the company to move faster and would allow the management team to be more focused on the commercial activities and the operations for executing the contracts instead than in the organizational tasks to adapt the business structure to the growing business.
On the other hand, GIMENO GROUP was expanding its service portfolio with a player very specialized in different maintenance services that the group could improve.