Skip to main content

AC Desarrollo buys 21.3% stake in Postigo

AC Desarrollo, the capital risk firm of Ahorro Corporacion, purchased a 21.3% stake in the Spanish firm Postigo, that specialises in road safety equipment, signalling and other traffic elements. The aim is to increase the stake to 31%, and the operation was performed through a capital increase. Postigo reported a turnover of EUR 72 million (US$103.22 million) in 2010.
April 20, 2012 Read time: 1 min
RSS5133 AC Desarrollo, the capital risk firm of 5134 Ahorro Corporación, purchased a 21.3% stake in the Spanish firm Postigo, that specialises in road safety equipment, signalling and other traffic elements. The aim is to increase the stake to 31%, and the operation was performed through a capital increase. Postigo reported a turnover of EUR 72 million (US$103.22 million) in 2010.

Related Content

  • April 20, 2012
    Electric and hybrid vehicles fall out of favour with corporate fleets in Europe
    According to the Arval, the car rental division of French banking group, BNP Paribas, the interest of Spanish companies in adding electric vehicles to their fleet has dropped 90 per cent in the past year, with just two per cent of companies expecting to opt for this type of vehicle before 2014. In 2010, 21 per cent said they would chose them. Hybrid cars also lost favour, with a 47 per cent drop in the number of companies intending to use them in their fleet from 30 per cent in 2010 to 16 per cent currently
  • April 25, 2012
    Eptisa TI supplies IT system to Aragon for road management
    Spanish IT firm, Eptisa TI, has developed a new computer which will allow the Spanish regional government for Aragon and road concession companies to maintain control of their road network and manage possible incidents. The system, based on ESRI’s Geographic Information System (GIS), will allow companies to manage eight sectors which contain some 2,400 km of roads which are the responsibility of the Aragon government. The new system is part of the RED Project, which is budgeted at over US$949 million for
  • May 16, 2012
    Traffic signal report card concludes strategic investments make a difference
    The latest national traffic signal assessment conducted by the US National Transportation Operations Coalition (NTOC), a group of transportation associations, shows that gradual but steady progress is being made on the management and operation of traffic signals despite continued funding challenges. NTOC has released the 2012 National Traffic Signal Report Card and it scores a modest four point improvement over the 2007 result. The effort to improve the nation’s traffic signal systems is driven by benefits
  • May 3, 2012
    Image Sensing Systems reveals significant new business agreements
    In announcing its first quarter results yesterday, Image Sensing Systems (ISS) also revealed that it had won significant new sales or distribution agreements. For instance, the company has won an order in excess of US$2.0 million in Eastern Europe for its Autoscope product for an urban traffic control (UTC) system. The order is expected to be substantially delivered in Q2 and Q3. The company also revealed an original equipment manufacturer (OEM) agreement with Siemens A.G. that allows Siemens to offer Autos