Asolvi AS has announced the acquisition of Binary Soluciones.
Binary Soluciones (Binary) has established itself as a respected provider of field service management software not only in Spain but also in Colombia, Argentina, Mexico and Peru serving close to 200 customers.
The acquisition of Binary will enable Asolvi to expand its reach in Spain and Latin America and enhance its offerings with Binary´s expertise in mobile workforce management, maintenance scheduling, and other essential aspects of field service management, Asolvi explained.
Antonio Delgado Prieto, CEO of Binary said: “I am very excited to join the Asolvi family and its potential to better serve their customers with the combined expertise of both companies.”
Asolvi’s CEO, Pål M. Rødseth commented: “We are delighted to welcome the talented team of Binary, the acquisition will be a significant step in Asolvi’s growth strategy and enabling us to be a significant provider of field service solutions in the Spanish and Latin American markets. The addition of Spain and Latin America with many customers within one of our core industry verticals further segments Asolvi as a leading provider of service management solution to this industry.”
The acquisition of Binary is said to be an important milestone for Asolvi, and the company added that it reflects the company’s commitment to expanding its offerings and reach to provide exceptional service to its customers in Spain, Latin America, and beyond.
Erik Berggren of Volpi Capital commented: “The acquisition of Binary is an important milestone for Asolvi and our strategy to create a more international business. It demonstrates the strategic importance of the Fire and Security sector, as well as ability to grow through acquisitions into new geographies. We warmly welcome Antonio Delgado Prieto and his team.”
Fernando Piekenbrock, of Volpi Capital, added: “We have been impressed by Antonio Delgado and his team since our first meeting, and we are thrilled to welcome them to the Asolvi family. Together, we will accelerate the continued growth of our combined business.”
Jostein Vik, Partner at Viking Venture also congratulated: “Binary is a perfect add-on acquisition that strengthens our offer within alarm, fire and security industry. We welcome Antonio Delgado and his team to the Asolvi family.”
