Ms. Rocío Arrupe
Severo Ochoa 47,
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has acquired a significant minority equity stake in Premo Group (Premo), a leading manufacturer of customised passive electromagnetic components for applications in automotive, telecommunications and electronics industries, amongst others.
Premo was established in 1962 with headquarters in Malaga, Spain, from which the company oversees its international manufacturing facilities in China, Vietnam and Morocco and its 1,400 employees. Premo applies its expertise in the development and application of innovative magnetics solutions throughout the value chain, from research and development (R&D) and design to industrial manufacturing. Its significant commitment to innovation includes R&D centres located in Spain, France, South Korea, China and the United States of America while its regional representatives can be found in over 35 countries worldwide.