GMV (company)

Summary

GMV
IndustryHigh Technology
Headquarters
Key people
Mónica Martínez Walter
(President)
Jesús B. Serrano
(CEO)
Revenue236,850,172.91 euro (2019) Edit this on Wikidata
6,308,317.74 euro (2019) Edit this on Wikidata
Number of employees
2,176 (2019) Edit this on Wikidata

GMV, founded in 1984, by Juan José Martinez García.[1] It is a privately owned corporate group with international presence. It has more than 2000 employees.

Areas of activity

GMV operates mainly in the following sectors:

  • Aeronautics
  • Automotive
  • Banking and Insurance
  • Cybersecurity
  • Defense and security
  • Healthcare
  • ICT for Business
  • Intelligent Transportation Systems
  • Public Administration
  • Space
  • Telecommunications

World Bank sanction

In March 2021, GMV subsidiary Grupo Mecánica del Vuelo Sistemas S.A.U. was barred by the World Bank for three and a half years in connection with collusive, corrupt and fraudulent practices, as defined by the World Bank’s Sanctions Procedures, relating to a sustainable city development project (in Danang, Vietnam) and the Hanoi Urban Transport Development Project, also in Vietnam. This decision makes Grupo Mecánica del Vuelo Sistemas S.A.U. ineligible to participate in projects financed by institutions of the World Bank Group for the period mentioned; Grupo Mecánica del Vuelo Sistemas S.A.U. has agreed to meet specific compliance requirements as a condition for release from debarment.[2]

References

  1. ^ History of GMV. (2020). Retrieved 2 April 2020, from https://www.gmv.com/en/Company/AboutGMV/History/
  2. ^ "World Bank Group Debars Grupo Mecánica del Vuelo Sistemas". World Bank. March 3, 2021.

External links

  • Official GMV website