After the entry of TSS Luxembourg as Ezentis' shareholders, there were several changes in the board of directors and senior executives of the firm.
Another of the highlights in 2010 was the name change of the group. The company has left behind the brand Avanzit and now is Ezentis. This renewal means an important step to bring the name and the company image to business reality, giving additional impetus to the declared aim of becoming global leader in the field of ICT with infrastructure capabilities.
Also in 2010 Sedesa, leader group in infrastructure business with more than sixty years of experience and national and international implementation, was acquired by the Ezentis Group and becomes part of Ezentis Infraestructuras. The company's main areas of activity are Civil Engineering, Building, Conservation, Renewable Energy and Concessions, where it offers a wide range of services. The acquisition has helped Ezentis to enhance its Infrastructure business without losing sight of the close links between this sector and the technology and will serve to take advantage of the synergies arising from the complementarity of the these two sectors of the future. The integration was approved by the Board of September 14, 2010.
At the beginning of 2009 a new shareholder entered into the capital, TSS Luxembourg, through a capital increase. This fund, whose main investor is Nomura (the first investment bank in Japan), is advised by Thessan Capital and focuses on investments through capital injection to strengthen the financial structure of the companies in which it participates. On top of this, it also collaborates actively in operations strengthening and strategic plans development.
Another highlight in 2009 was the agreement between Ezentis and the Andalousian Government through IDEA agency (Agency for Innovation and Development) thus giving access to a new institutional investor. The partnership between the Government of Andalusia and Ezentis established a set of principles like the commitment of the Company to move its headquarters to Seville, so that it became an andalousian entity..
Ezentis doesn't have control, neither direct nor indirect, of the majority of the voting rights in Vértice since December 31, 2008, what meant the departure of that company's from Ezentis' consolidated accounts in 2009.
The railway electrification company (Elfer) was acquired in 2007 as a major boost to the Group's position in the railway sector, and reflects the strategic objective of consolidating the business with the division of Telecom. In this way, the areas and capacities in which the group can operate were expanded, which currently allows it to construct of all types of infrastructure both in Spain and internationally.
During the first half of 2007, Vértice's structure was finally completed with the integration of Notro Films and Telespan. In December 2007 the brochure for admission to trading of the shares of Vértice was audited by the CNMV and the shares were are admitted to trading on 19 December that year. Ezentis remains as the majority shareholder of Vértice.
In late 2006 and in 2007 there were several integrations (i) in the audiovisual area (creation of "Vértice" and integration of Manga Films, Telespan, Videoreport and Notro films), telecommunications (Calatel Group) and finally, in the area of infrastructure (Elfer).
Vértice 360º: On October 18, 2006 the so called then Avanzit, SA establishes "Vértice Trescientos Sesenta Grados SA ("Vértice") and Manga films, Telson and Videoreport are integrated into it. During the first half of 2007, Vértice's structure was finally completed with the integration of Notro Films and Telespan. In December 2007 the brochure for admission to trading of the shares of Vértice was audited by the CNMV and the shares were are admitted to trading on 19 December that year.
Ezentis remains as the majority shareholder of Vértice. At December 31, 2007 Ezentis maintained a share of the social capital of 43.1%, while the same day in 2008 the share was 41.22% and December 31, 2009 was 36.50%.
Ezentis doesn't have control, neither direct nor indirect, of the majority of the voting rights since December 31, 2008, what meant the departure of that company's from Ezentis' consolidated accounts in 2009.
During the years 2006 and 2007 other corporate operations took place focused on creating a large, innovative and competitive group inside its different areas: the purchase of Calatel, which operates in the field of installation and management of electrical infrastructure and mobile telecommunications in Central America and Caribbean, was the perfect complement to the Group's international activities.
In 2001, the need to reorganize the Group Avanzit led to organize business into three major sectors of activity, Telecommunications, Media and Technology (TMT), which were assigned to three companies with legal personality and capital subscribed by 100% Ezentis, respectively called AVANZIT TELECOM, MEDIA AVANZIT (TELSON) and AVANZIT TECNOLOGÍA, companies that took over the activities of the group companies affected to the market sector that set out in their names.
This restructuration was carried out by means of a merger by the absorption of the parent company of the subsidiaries that were affected according to the former explanation, and the subsequent allocation of the activities performed by such subsidiaries in favor of the three sectorial parent companies, as contributions to the capital increases executed in each of the parent companies.
The Ezentis Group had at the time excellent business opportunities related to the supplying of global services with high added value and according to the highest standards of quality to help telecom operators and large companies to design, install, develop and integrate, operate, maintain and manage their information systems and networks as well as audiovisual services and contents available with subsidiaries in 15 countries, operating in over 30 countries on four continents.
In 2000, the Radiotrónica Group's strategic framework the focused, -in accordance to the trend led to the convergence of the Technology, Media and Telecommunications (TMT) industries and observed changes in the demand oriented to globla services and integrated solutions complexes - on achieving a concentration of business, for taking advantage of the international structure of Radiotrónica, incorporating activities and complementary business, thus diversifying their activities.
The incorporation of Acciona, SA as a strategic partner occurred by agreementof the Company's Board of Directors in June 27, 2000 in order to obtain the necessary financing for the acquisition of 100% of the representing shares from the capital stock of Telefónica Sistemas de Ingeniería de productos, SA (TSIP).
Once these operations were finished, Radiotrónica changed its name on 15 December 2000 to Avanzit, SA.
The international expansion of Radiotronica S.A., continues the path begun in the late 80's in Chile and, due to the expansion of Telefonica, establishes in Argentina in 1992 (Radiotrónica de Argentina, SA) and in Peru in 1994 ( Radiotrónica Peru, SAC). During this period the Group's revenues came in almost 90% of Telefónica. Radiotrónica acquired a strong international character, opening later Radiotronica SA Sucursal Colombia (1995) and Radiotrónica do Brasil (1996).
In late 1994, the company was part of the Banesto Industrial Corporation. At this stage, it starts a new management strategy intended to pursue the diversification and expansion of markets that starts to get results in 1995. The evolution and diversification of the company got a major geographical deployment allowing that a company that started as a merely electrical installation company reached finally the status of multinational with diversification of services (transport, railways, road, navigation, etc.).
On May 8, 1998 a group of Executives bought to Banesto Industrial Corporation in an MBO (Management Buy Out) transaction the shareholding of the company's control.
During the year 1999 with the aim of strengthening its presence in the transport sector in general and in particular in the rail (mobile operation and automation of level crossings), land transport (control and monitoring of traffic and emergency communications on the road), maritime navigation (emergency location beacons) and air (air-ground radio communications), performs the acquisition of Ena Telecomunicaciones, SA and then enters the industrial electronics industry (electronic tickets delivery terminals) and consumption (manufacture of computers) with investment in the company "Compañía Electrónica de Técnicas Aplicadas, SA (Comelta)".
After the IPO (Initial Public Offering), the October 5, 1988, Radiotrónica starts its international experience in the Latin American market, focusing initially on Chile to attend a major contract with Telefónica.
Radiotrónica, S.A. (Ezentis today) was established in 1959 as a subsidiary of the construction firm Agroman S.A. and during its first ten years of life, its activity was focused on electrical installation works..