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  5. SEAT S.A. Acquires respiro S.L.

M&A Deal Summary

SEAT S.A. Acquires respiro S.L.

On February 15, 2018, SEAT S.A. acquired internet software and services company respiro S.L.

Acquisition Highlights
  • This is SEAT S.A.’s 1st transaction in the Internet Software and Services sector.
  • This is SEAT S.A.’s 1st transaction in Spain.

M&A Deal Summary
Date 2018-02-15
Target respiro S.L.
Sector Internet Software and Services
Buyer(s) SEAT S.A.
Deal Type Add-on Acquisition

Target

respiro S.L.

Madrid, Spain
respiro S.L. is a pioneering company in renting cars by the hour in the city of Madrid. respiro S.L. platform operates on a pay-as-you-go basis. In order to access Respiro vehicles, users simply have to register in the platform and take possession of a membership card to make use of the cars. The company provides utilitarians, compact cars, people carriers and vans for personal and professional use through an extensive network of pick-up and drop-off points located in carparks all over Madrid.

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Buyer(S) 1

Buyer

SEAT S.A.

Barcelona, Spain
Category Company
Founded 1950
Sector Automotive
Employees14,700
DESCRIPTION

SEAT S.A. is the only company that designs, develops, manufactures and markets cars in Spain. The SEAT Group employs close to 14,700 professionals at its three production centres – Barcelona, El Prat de Llobregat and Martorell, where it manufactures the highly successful Ibiza, Leon and Arona. Additionally, the company produces the Ateca and the Toledo in the Czech Republic, the Alhambra in Portugal and the Mii in Slovakia.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2018 M&A 1 of 1
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