JSTI Has Acquired Another Spanish Company

06-Sep-2016
     On the afternoon of August 31, Madrid Time, JSTI Group and Spain EPTISA SERVICIOS DE INGENIERíA, S.L.officially signed the equity investment agreement. This is another overseas M & A of JSTI in the wake of its acquisition of the US environmental detection company TestAmerica with US$ 132 million in this June. This time, JSTI has obtained 90% stock rights of EPTISA with 16 million Euros (or about RMB 120 million). Since 2012 when it getting listed, JSTI has made a dozen of M & A in China, and casted its vision to overseas market in the context that Chinese enterprises are quickening their pace of “going global”. 

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      It is learnt that EPTISA2014 ranked the 94th in ENR Top 225 Global Engineering Design Firms in 2014. With more than 1,700 employees worldwide, it has established subsidiaries or offices in 16 countries, and operated projects in 43 countries, withcore technologies covering water conservancy, environment, transportation, energy, building, and social and economic development consulting, etc. It has extensive experience and distinct global competitive advantages in dams, ports, tunnels, and high-speed rails, etc., boasting high brand value. EPTISA possesses high-end customer base, mostly EU Development Fund, World Bank, Asian Development Bank, and local governments, etc. It has operated in Southeast Europe, Middle Asia, South Asia, and South America for many years, and made sophisticated layout in “Belt and Road” region, as well as owned fruitful engineering results and customer resources.EPTISA and JSTI hope to take advantage of this investment to accelerate globalized layout, build a famous brand of global engineering consulting firm, and seek paths for Chinese engineering consulting companies to explore Europe and US, and other high-end markets. 

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      Wang Junhua, CEO of JSTI Group, Luis Villarroya, CEO of Spain EPTISA, and Zhu Xiaoning, vice president of JSTI Group, attended the signing of the agreement.