| Industry | Electrical engineering |
|---|---|
| Fate | Merged with COMSA Group |
| Successor | COMSA EMTE |
| Founded | 1961 |
| Defunct | 15 July 2009 |
| Headquarters | Barcelona, Spain |
| Products | Electrical transmission systems |
| Revenue | turnover (millions): €161.97 (2003)[1] €400.3 (2005)[2] €493.0 (2006)[3] €618.6 (2007)[3] €711.9 (2008)[3] |
| Employees | 1310 (2003)[1] |
| Website | www.grupemte.com |
EMTE SA was a Spanish industrial engineering group specialising in industrial electrical installations and control systems.[4] The company also provided a variety of industrial installations including waste and waste water management, climate control, telecommunications, and automated painting and welding.[5]
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Estudios, Montajes y Tendidos Eléctricos was founded as a electrical generation and installation company in 1961.[6] In 1970 the company was renamed EMTE,[5] and became a public company.[7] The company diversified into general electromechanical and low voltage (mains) installations, then in the 1980s the company developed industrial control systems, electronics and telecommunications, and expanded throughout Spain.[3] In the 1990s the company began developing turnkey waste treatment plants,[3] and later entered into the renewal energy business.[6]
In 2003 Aguas the Barcelona (Agbar) acquired a 35% share in the group,[8] with an agreement to raise its share to 50% by 2006 and to integrate its ADAS Systems, Aquatec, AQUAPLAN Agbar and maintenance operations in Emte.[1] Agbar's shareholding increased to 50% in April 2004.[2] In December 2006 Agbar announced that it was to sell its 50% share in Emte for €107.3million to the Sumarroca group increasing its original 17% share to 67%.[2] The remaining shares from the 1961 founder of the company were also acquired by Sumarocca.[9] The holding company 'Solduga SA' was created by the Sumarroca family for the acquisition.[10] In 2007 Banco Sabadell and Caja Madrid became shareholders.[3]
In 2009 Sumarroca's share was 60% and Banco Sabadell and Caja Madrid both had taken 20% stakes.;[3] in May 2009 Emte agreed to merge with the construction and infrastructure group Comsa to form COMSA EMTE in a 70:30 shareholding distribution (Comsa shareholders 70%).[11]
in 2009 the group was divided into five sectors, each composed of several companies:[3]