August 13, 2021 – Juniper Group, a division of Vela Software, and Constellation Software, Inc. (TSX:CSU), today announced that it has completed the acquisition of Avalon Informática y Servicios Group (“Avalon”).
Since 1986, Madrid-based Avalon develops advanced PoS and ERP systems for service stations, convenience stores and fuel distribution centers across Spain and Latin America. Its highly integrated soft-and hardware solutions allow clients to manage their entire operations in real time.
Following the acquisition, Avalon will operate as an independent division of the Juniper Group. The company will continue to develop, enhance, service, and support their range of software and hardware solutions in providing a competitive edge to its customers.
“We are very excited to welcome the Avalon team into the Juniper Group family. We expect to continue their excellent customer advocacy and reputation under our ownership” said Jaime Sastre, CEO, Portfolio Manager at Juniper Group. “As always, we look forward to combining Avalon’s deep industry expertise with Juniper Group’s best practices and software specialists to provide Avalon’s customers with the best products and services possible, helping them to drive business growth.”
Gerardo Navarro, CEO of Avalon stated, “the mission for any company is to add value to employees, customers and shareholders. To me, this transaction is a great success for the former shareholders, bringing to fruition a project which began several decades ago. Becoming part of a leading international and well-reputed group of software companies is also an exciting opportunity for our employees and customers. For our employees, it will lead to accelerate and improve their development, having the possibility to move up within the career path. Likewise, our customers will benefit from the financial strength and operational expertise, as well as market insights and knowledge-sharing that, without doubt, Juniper Group will continuously provide us with going forward.”
About Avalon. Avalon is a market leader in the Oil & Gas as well as Retail sector in Spain and Latin America. Its portfolio of software and hardware solutions covers the entire value chain of their diverse customer base. To learn more, visit https://www.avaloninformatica.com
About Juniper Group. Juniper Group is a multi-vertical software-operating firm that invests in and builds enduring B2B and B2C software businesses across the Americas, Europe, Middle East and Asia Pacific. Juniper Group invests in and partners with software businesses that serve customers in a specific industry’s vertical and adjacent markets. We are experienced software investors who can move quickly and offer a unique combination of capital and managerial support to ensure the continued growth of our companies. To learn more, visit http://www.juniper-group.com