Clearwater International advises SADES on its sale to CBRE
Clearwater International has advised S.A. De Electrificaciones Y Suministros (SADES), a leading project and facilities management company in Spain on its sale to CBRE.
Founded in 1958 and headquartered in Barcelona, Spain, SADES provides building engineering services and project and facilities management services to clients across Europe.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is one of the world’s largest commercial real estate services and investment firm.
SADES will operate as part of CBRE’s Global Workplace Solutions business in Spain and adds extensive technical capabilities focused on the maintenance and installation of HVAC, fire protection, mechanical and electrical systems.
This transaction provides CBRE a strong platform to expand their existing technical capabilities in Spain and across Europe.