Tinsa buys LKS Tasaciones and reinforces its presence in Northern Spain

Tinsa buys LKS Tasaciones and reinforces its presence in Northern Spain

José Antonio Hernández Calvín, Tinsa’s General Manager for Spain

The incorporation of LKS Tasaciones and its team will boost Tinsa’s incursion in the Basque Country and Navarre (Northern regions of Spain) to levels close to the market share the company has for the whole country, above 25%.

«With this deal, we incorporate an excellent group of professionals and at the same time increase our technical network in the area and boost the quality and amount of real estate information on our databases. Adding local knowledge to technology will provide a better service for Tinsa’s and LKS Transaciones’ clients», stated José Antonio Hernández Calvín, Tinsa’s General Manager for Spain.

For Tinsa this is the first purchase of a securities firm in Spain since acquiring Transmadrid in 2012. The group has focused its growth strategy on international markets in the last few years, and these represent more than 50% of its revenues. Tinsa currently has offices in 14 countries in Europe, Latin America and Africa.

Tinsa’s consolidated turnover reached 163 million euro in 2019, 26% more than the previous year, and it expects to reach 200 million euro in revenues within the next two years, thanks to its organic growth and to new acquisition opportunities, especially in Europe.

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