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TSG acquires Hemag

Paris (France), July 4th 2022

TSG, the European leader in technical services for responsible mobility solutions, is pleased to announce the acquisition of Hemag, a key player in Electrical services and engineering based in Madrid, Spain.

Hemag has more than 40 years’ experience in the field of engineering and installation / maintenance of electrical infrastructure, offering high quality and professional solutions. With its national network of 160 engineers and technicians, Hemag is becoming one of the top players in the installation of electric vehicles charging points in Spain.

Hemag has achieved a turnover over €13m. Eduardo Marco, current Hemag’s CEO, will take over Electrical division of TSG Iberica under which Hemag will be integrated.

With Hemag acquisition, TSG reinforces its teams in the electrical field with experienced electrician experts to further accelerate its strategic transformation towards new mobility in Spain. Integrating Hemag’s team will allow TSG to leverage on a solid and established organization and to answer every customer’s needs in design, building and maintenance of electric mobility infrastructures. Both companies will benefit from commercial synergies and from their respective network’s complementarity in Spain.

After other similar acquisitions in the new mobility, Hemag’s acquisition fully falls into TSG strategy to enable the responsible mobility transition by developing new energy for mobility, quality infrastructures and to offer a one-stop shop for innovative energy & retail solutions.

Both members of the international network Global M&A Partners (GMAP), Financière de Courcelles (France) and Anquor CF (Spain) are proud to have advised TSG on this cross-border transaction, which allows TSG to strengthen its presence in Spain and to affirm its ambitions in new energies for mobility.

Financière de Courcelles is advising TSG in its European development plan of external growth, through its multi-buy-side offer.

About TSG

TSG, the European leader in technical services for responsible mobility solution, is a key enabler of the energy transition for mobility: With unequalled presence in 30 countries, TSG designs, builds and maintains all types of energy distribution infrastructures for mobility: electric vehicles charging network, GPL/LNG, hydrogen and also fuel / biofuel service stations. TSG offers a one-stop-shop (equipment sale, projects and maintenance services, digital payments and systems) for innovative energy and retail solutions. TSG serves all types of clients, in the public and private sectors from local authorities and retail to gas station networks and companies fleet installations. TSG has over 4,500 employees, and revenue over €700m. TSG’s technicians are uniquely skilled, with recognized expertise in all new mobility energy solutions: electric vehicles, hydrogen, biofuels and natural gas as well as related systems and payment services. TSG is a privately-held company, owned by its management and the entrepreneurial investment firm HLD.

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