Global Dominion Access is an engineering, construction, and multi-technology service supplier company whose value proposition is the maximisation of the efficiency and productivity of its clients’ business processes by applying technology as a transformational element and offering end-to-end solutions.
The company has simplified its business unit reporting as follows, starting in 2025:
- GDT (Global Dominion Tech-Energy) This encompasses the development and implementation of technological solutions (services and projects) in sectors such as renewable energy, industrial infrastructure, and hospitality.
- GDE (Global Dominion Environment) This encompasses circular economy and decarbonisation activities. This covers energy efficiency solutions to reduce emissions and complete waste management, from collection to reintegration into the production process, including industrial cleaning, degassing, water treatment, and waste treatment.
With the introduction of the latest STRATEGIC PLAN presented in May 2023 and until December 2024, Global Dominion presented the following segment breakdown:
- Sustainable Services (72% of 2024 revenue): Covers the comprehensive offering of services to both businesses and end customers that generate recurring revenue with tighter margins (around 12%) – formerly B2B Services and B2B2C.
- 360º Projects (27% of 2024 revenue): Comprehensive development of non-recurring projects (new production processes or infrastructure, from design, implementation and maintenance) with a margin profile above 15% – formerly B2B Projects 360 segment.
- Infrastructure Participation (1% of 2024 revenue): Includes infrastructure assets, either owned or equity-accounted, in the renewable energy and healthcare sectors.
In this sector, we have seen how the largest companies in local markets have been able to grow successfully through acquisitions while showing higher margins than their competitors. We believe that Global Dominion can strengthen its position and grow in the 35 countries in which it already has a presence, in a market characterised by high levels of fragmentation, and where there is a limited number of truly global players.
During all these years, the company has been able to secure and develop a solid M&A activity with a purchase EBITDA ratio between 5 – 6x (with the aim of becoming 3x EBITDA in year three).
The largest shareholder of Global Dominion is Acek Desarrollo y Gestión Industrial S.L, owned by the Riberas family. Jon and Francisco Riberas are amongst the best-known businessmen in Spain and also the largest shareholders of multinational firms CIE Automotive and Gestamp. Global Dominion has a strong management team with a long-term view. Anton Pradera, Chairman and Mikel Barandiaran, CEO, are founding members and own over 10% of the shares (over 5% each).
From 2015 to 2024, Global Dominion grew sales organically at a CAGR of 8%, demonstrating its capacity for securing a growing order book and designing accurate operating strategies to properly address customer needs.
At the current price of €3.06(1) (market cap: €459M), the estimated value of the EV adjusted for the expected sale of the renewable energy assets is approximately 3.6x.
(1) Stock price as of 20/05/2025
