The operation will allow InfoCert to boost its international growth strategy.
On the 3rd of May 2018 Tecnoinvestimenti Group, through its subsidiary InfoCert, have successfully completed the acquisition -by means of the subscription of new shares- of a majority stake in Camerfirma, one of the leading Spanish Certification Authorities.
InfoCert is pursuing an ambitious goal to create a Pan-European Trust Service Provider through organic growth, M&A and partnerships. In such context, Camerfirma has been selected as the ideal partner to develop the Iberian and Latin America markets.
Camerfirma is located in Madrid, with a solid presence in the Spanish market as well as some commercial initiatives in South America. Owned by the Spanish Chambers of Commerce, the company was founded in 2000. Camerfirma’s customer base includes private companies and the Spanish public administration.
InfoCert has acquired 51% of Camerfirma by underwriting a capital increase of Euro 3.1 million. The operation will allow InfoCert to boost its international growth strategy through:
- The creation of a multi-national Trust Service Provider with solid institutional roots and a clear focus on EU markets and regulatory compliance;
- The integration of respective offering and capabilities for a more effective market coverage, thereby expanding both companies’ portfolio of services and delivery capabilities to better address their respective markets;
- The exploitation of synergies in infrastructure, operations, investments, innovation and new product/solution development.
Danilo Cattaneo, InfoCert CEO commented: «The operation fits perfectly into InfoCert’s international growth roadmap, aimed at creating the leading provider of Trust Services in Europe. We are happy to join forces with Camerfirma and the Spanish Chambers of Commerce and have already started working together on the further development of our ambitious goals. I am confident that current and potential new clients of Camerfirma and InfoCert will derive significant benefits from this operation».