Mubadala acquires stake in a Spanish IT company

Abu Dhabu’s Mubadala Capital has agreed to acquire a controlling stake in Babel, a Madrid-based IT and digital transformation services provider.

The acquisition, which is subject to regulatory approval, further expands Mubadala’s presence in the business services sector, following its earlier purchase of Dutch safety-critical training company RelyOn Nutec this year.

Read the original article in AGBI: Mubadala acquires majority stake in Spanish IT company