• Optare Solutions, a Spanish consulting firm specializing in IT services for the telecommunications sector, has acquired 100% of the Mexican company Cinko Shared Service Center. CinkoSSC, based in Mexico City, focuses on process consulting and automation technologies (RPAs). This strategic move aims to enhance Optare's presence in Latin America by adding nearly 30 high-profile professionals and a diverse client portfolio.1
• KIDERand KIMAKmerge to keep on offering comprehensive turnkey solutions for commercial spaces worldwide. This transaction combines KIMAK's expertise in partial and complete refurbishments of commercial establishments with KIDER's extensive experience in designing, developing, and installing commercial furniture such as shelves, checkout units and specialized fixtures. Together, they manage the entire process—from conceptualization and design to prototyping, manufacturing, installation, and maintenance—ensuring renovated, functional, and modern commercial environments. KIMAK, formerly Grupo Caamaño, brings over 30 years of experience and boasts 70,000 square meters of production facilities, enabling them to handle projects from start to finish with global coverage and optimal delivery times. 2
• Devoteam(KKR), a tech consulting firm specialised in cloud, cybersecurity, data, and sustainability with over 11,000 employees in 25 countries, strengthens its business automation axpertise and expands to Valencia in Spain with Inlogiqacquisition. This acquisition enhances Devoteam’s business automation capabilities, which is backed by a highly certified team, while establishing a strong presence in the Valencia region to better serve clients across various sectors, from SMEs to public institutions. 3
Our report on the technology consulting industry in Spain is now available. You can download it in Spanish (an English version will be available soon).
• Hiberus, a technology and digital transformation company, has expanded into Poland by acquiring a stake in Hirely, a boutique consultancy specializing in technological services for key sectors such as banking and finance. This strategic move is part of Hiberus's broader international growth plan, complementing recent investments in Latin America, including markets like Argentina, Colombia, Ecuador, and Mexico. This expansion aligns with Hiberus's long-term strategy to become the leading Spanish-owned technology consultancy, with projections to close 2024 with revenues nearing €200 million and a workforce exceeding 3,500 employees. 4
• Global water solutions company Xylem(NYSE: XYL) today announced that it has acquired a majority stake in Idrica, a leader in water data management and analytics, to empower water utilities with intelligent solutions for their most critical challenges. Companies will further integrate solutions that help utilities accelerate digitalization and tackle critical challenges such as water scarcity and aging infrastructure. 5
• Amperhas acquired Navacel, a Spanish company specializing in the manufacturing of large-scale components for offshore wind energy platforms, for approximately €23.8 million. Navacel, based in the Port of Bilbao, reported a turnover of €26.6 million and an EBITDA of €4.6 million in 2023. The company has capabilities for producing large-scale structures with direct access to the Cantabrian Sea, positioning it strategically in the offshore wind sector. This acquisition aligns with Amper's 2023-2026 Strategic and Transformation Plan, which focuses on both organic growth and strategic acquisitions in the Defense, Security, Communications, Energy, and Sustainability sectors. 6
• The STOCKMEIER Groupannounces the acquisition of a majority stake in the Spanish company Intercoat Specialties SL, marking a significant strategic step in strengthening its specialty chemicals business. Established in 1997 in Molins de Rei (Barcelona), Intercoat Specialties SL is mostly active within the coatings, printing ink and construction industries. 7
• Olano, a French logistics group, has acquired the production unit of Spanish transport company Transportes Hernandez Filardi, including its operations and assets. In 2023, the unit reported a net income of EUR 12.66m, according to the report. Olano operates in Spain, France, Portugal and Italy. This year the company anticipates revenues of EUR 620m and employs 3,800 people. 8
• BeePlanet Factory, a pioneering Navarra-based company specializing in energy storage from electric vehicle batteries, has closed a €5M funding round aimed at strengthening its growth, diversification, and internationalization strategy. Founded in 2018, BeePlanet focuses on manufacturing and implementing energy storage systems using electric vehicle batteries, developing solutions for various sectors such as commercial and industrial self-consumption, large renewable energy installations, and charging infrastructures. These applications include technological developments to optimize equipment lifespan and ensure efficient energy management. The recent funding round marks an important milestone with the inclusion of two new strategic investor partners: Santander Climate Fund and Easo Ventures(managed by Stellum Capital). This investor group expansion complements the investment from Itzarri and the renewed support from existing partners, with Suma Capital being the largest individual shareholder leading the participation of current investors. 9
• UK-based BMS Group, the independent specialist insurance and reinsurance broker, today announces that it has entered into an agreement to acquire the leading insurance broker Rasher, subject to regulatory approvals. The Rasher business is based in Spain, with Latin American subsidiaries in Colombia and Peru. Rasher excels in providing surety, credit, and risk management solutions to corporate clients. Their highly specialised team of 90 staff members design, implement, and manage insurance programmes, and provide advisory and claim services. 10
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I am a Partner at Albia IMAP. IMAP is an International Mergers and Acquisitions Partnership with a 50-year track record, more than 500 M&A professionals worldwide and a presence in 50 countries. IMAP has closed over 2,200 transactions valcued at $130bn in the last 10 years and is consistently ranked in the world’s Top 10 M&A advisors (Refinitiv) for mid-market transactions.
