COFIDES will facilitate the growth of the digital marketing company Making Science in Europe. COFIDES will provide, via three FIEX co-investment loans, a total of 4.2 million euros, which the company will use to finance the acquisition of companies in Italy, France and the UK.
With these acquisitions, the company aims to expand the range of its products and services in these countries. Its objective is to position itself among the top companies providing a wide range of digital marketing services with a strategic relationship with leading technology platforms.
The Chairman and CEO of COFIDES, José Luis Curbelo, said that "companies that contribute to innovation and digital transformation can count on the support of COFIDES to boost their international expansion". In this regard, he pointed out that "the digitisation of commercial activities contributes to the competitiveness and growth of companies".
The Chairman and CEO of Making Science, José Antonio Martínez Aguilar, said that "taking innovation beyond our borders is a challenge that drives business growth at all levels". He added that "having the support of development finance institutions such as COFIDES is crucial on the road to success".
PROJECT IN LINE WITH SDG 9
This project contributes to the achievement of SDG 9 (Industry, Innovation and Infrastructure) by facilitating access to information and communications technology through the development of marketing and data analysis tools that enable innovation.
ABOUT MAKING SCIENCE
Making Science is a technology and digital marketing consultancy specialising in e-commerce and digital transformation. Its business model responds to the growing need for companies to digitise their entire value chain, particularly in the area of marketing. The markets in which Making Science operates are digital advertising, data analytics, e-commerce and cloud, all of them with high growth rates.
The Making Science Group currently employs more than 400 people and has a presence and technological development in nine markets: Spain, Portugal, Mexico, Colombia, France, Italy, UK, Ireland and USA.
In 2019, the company was named SME of the Year by the Madrid Chamber of Commerce. It recently received the C.R.E.C.E. (Rapidly Expanding Company with Exponential Growth) award from the Ernst and Young consultancy firm as part of the Entrepreneur of the Year Awards. It was also ranked 71st in the FT1000: Europe's Fastest Growing Companies 2021 list compiled by the Financial Times, positioning it as Europe's fastest growing company in the marketing and sales sector.
ABOUT COFIDES
COFIDES is a state-owned company which has been offering financial support to Spanish companies investing abroad. COFIDES is accredited to the European Union (EU) to manage funds coming from the EU budget, allowing the structuring of transactions with a high impact on development. COFIDES is also accredited to the UN’s Green Climate Fund (GCF) and can therefore structure operations on climate change mitigation and adaptation. Moreover, COFIDES is the exclusive manager of FIEX and FONPYME funds on behalf of the Secretariat of State for Trade attached to the Ministry of Industry, Trade and Tourism and also supports AECID in managing FONPRODE funds. COFIDES’s shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and CAF-Development Bank of Latin America.
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