The Alicante company Embedded Instruments & Systems (Emxys) has closed a Venture Capital funding round of 2 million euros, which Mundi Ventures and the CDTI have taken part in through Innvierte. Vinca Capital (finance) and Gesem (legal) have provided the consulting and advice services for the transaction.
With these funds, Emxys wants to promote the Odaliss project, by focusing on the development of small satellite platforms with optical communications links. The Odaliss project has been set up to improve the data processing capacity of small satellites.
The optical communications technology in the Odaliss space uses the two-way communication ground to satellite link, with infrared laser. It is based on innovative technology that is intended to replace the traditional systems operating in radio frequency bands, which helps improve the data transfer rates in small satellites; and for a much lower cost.
José Antonio Carrasco, CEO of Emxys, pointed out that “after this round of funding, Emxys is ready to become a leading producer of high performance satellite platforms. The Odaliss nanosatellite platforms are equipped with an innovative optical communications transceiver for Space-Earth links based on the technology owned by Emxys, which, being distinguished for its high standard in terms of data processing, will revolutionize the New Space market”.IR A SERVICIOS PROFESIONALES
The succession planning that has occurred at Wonders, a firm from Elche, where Jaime Carbonell has passed on the leadership role to his sons, has been accompanied by a major corporate reorganization to clarify the structure of the company and improve the way that it is run. These changes were made official yesterday in the Boletín Oficial del Registro Mercantil (Official Gazette of the Spanish Companies Register), and they complete the process, which has been carried out through a double take-over operation and then the split-off of the surviving company. As the first step, C. G. & Hijos took over Danubio Obras-Zapatos and all its assets, then they were divided up again into two new holding companies. Firstly, Hoboken Inversiones, which is now the owner of Calzados Danubio, that is to say, the industrial part, which is controlled by the second generation of the family, the Carbonell Guilló brothers. Jorge Carbonell Guilló is the President of this holding company, a position that in the actual footwear firm is held by his brother Rubén Carbonell Guilló. The founder’s other children are members of the board of directors. And secondly, a new company has been set up that is called C. G. & Hijos SL –different from the original-, this is where the financial investment is concentrated and it is still owned by the founder, as pointed out by the firm yesterday. The impact of the pandemic.
As for the evolution of the company, those in charge of Wonders expect the firm’s turnover to shrink this year by about 30%, after making 29.1 million euros last year, as a result of the crisis caused by the spread of covid-19. However, the company has decided to keep all its productive capacity intact –the company makes all its models in Elche, although to do so it has had to cut the working hours of the different lines. They have done this convinced that things will indeed recover, sooner or later, and that it is always more complicated to recover the productive capacity if it is completely dismantled than if the existing lines are maintained. In this respect, the firm states that the crisis has surprised them but with low level of debt, which means that they have enough resources to tackle the problems that might arise in the next few months with confidence.GO TO PROFESSIONAL SERVICES
TM Grupo Inmobiliario has launched a campaign for donations of food and basic necessities in the towns and cities of different Autonomous Communities to help those who have been affected by the social and economic crisis caused by the Coronavirus.
In total, people from 11 towns where the company is operating are getting assistance. The donations, which began in April, have been coming in gradually and they include food and essential personal hygiene and cleaning products, which are distributed directly through the different municipal councils according to the specific requests and requirements.
One of the social initiatives organised by Grupo Pikolinos and the Fundación Juan Perán, has been to help fight against the COVID by distributing 40 000 masks among the public institutions of the Valencian Community.
It has also been making masks non-stop, 24 hours a day and it has launched assistance programmes for the local communities to help those in need.
After being tested by the Industrial Microbiological Service LTD (IMSL), PANTER® has launched the new line of BioBacter footwear, which is effective against more than 50 different species of bacteria and it is especially designed for workers who are exposed to biological agents and microorganisms, to therefore reduce the occupational health risks.
The innovative BioBacter formula is active for the whole lifespan of the footwear, it guarantees that 99% of the bacteria is eliminated, which makes PANTER® a leader in the safety footwear sector.GO TO PROFESSIONAL SERVICES
The 35th edition of the IMPORTANTES de INFORMACION Gala was held on the 20th of February, where the outstanding work of companies, people and institutions during the last year was rewarded.
GESEM would like to congratulate two of its clients that were award winners at this event, because our philosophy is to celebrate the achievements of our clients as if they were ours.
Well done to the “Parque Científico de la UMH” for its hard work in promoting the establishment of new companies and “TM Grupo Inmobiliario” that continues to grow and is still a benchmark in the real estate sector after 50 years.GO TO PROFESSIONAL SERVICES
On the 10th of May, Padima, the lawyers’ office that specialises in Intellectual Property and trademark management, inaugurated its new head office in Alicante, which is located in Edificia. The founders of the firm Eva Toledo and Iván Sempere were accompanied by numerous prominent figures from the business community of the province, which included our own General Manager Laura Vicente.
These new offices have the distinctive RED granted by the Asociación de Empresas de Diseño (Association of Spanish Design Companies) to organizations and areas whose design is 100% Spanish.GO TO LABOUR RELATIONS
The Spanish Official State Gazette recently published that the insolvency proceedings of Cerámica La Escandella have come to an end after the agreement with an American fund.
Indeed, a lot of effort and hard work has been put into finding a solution after the crash of 2012. This includes the significant amount of investment needed to adapt the firm, to produce the new line of flat roof tiles, which has enabled it to expand its frontiers and even become Spain’s first exporter of ceramic roof tiles.Go to Auditing and Accounting
The businessman Toni Mayor managed to end 2018 with a spectacular increase in his hotel capacity, with 1700 rooms and more than 3500 hotel beds.
It was a real honour for our firm to have accompanied him down this path to success, which ended 2018 with Port Hotels being the third hotel chain in terms of its turnover within the sector.Go to Family Business Consulting