Cosalt has acquired SSM, Sistemas de Seguridad Marítima

Cosalt, the leading European provider of personal safety and protection services and equipment, has acquired a 100% stake in Marine Safety Systems (“SSM”), for a consideration of €3 million payable in cash.

SSM is involved in the supply, maintenance and testing of marine safety equipment and is based in Barcelona.

Oquendo Corporate has acted as the exclusive financial advisor of Cosalt in the transaction, including the analysis of the transaction, valuation and negotiation with the seller.

Oquendo Corporate has acted as advisor of the acquirer.