MAWEEKLY · 13 de mayo de 2024

Week 19 (2024) in M&A and Private Equity 🛰️🇪🇸

Weekly collection of transactions (May 6 -12)

• pfsTECH&DATA (Anacap), a multinational Spanish company in proprietary software, data, and AI solutions for the credit lifecycle, has successfully completed the integration of INNOVA, a young Andalusian company specialized in the SME market**.**1

• Danobat, a player in the design and development of advanced manufacturing solutions, strengthens its position in the North American rail market with the acquisition of the American company Delta Wheel Truing Solutions. 2

• Malaga-based Freepik (EQT) announces its acquisition of Magnific, the most advanced AI image upscaler, enhancer and transformer tool in the market. The strategic acquisition is Freepik’s biggest to date – it acquired EyeEm (Germany) last year, and Videvo (UK), Original Mockups (Colombia), and Iconfinder (Denmark) in 2022. With Magnific , it brings together dedicated AI pioneers, bolstering Freepik’s AI ambitions and reinforcing the company’s global expansion. 3

• Oshkosh Corporation (NYSE: OSK), an innovator of purpose-built vehicles and equipment, announced it has entered into an agreement to acquire AUSACORP S.L., a Spanish company and manufacturer of wheeled dumpers, rough terrain forklifts and telehandlers for the construction, material handling, agriculture, landscape and specialty equipment industries. 4

• Grupo Abra, the parent company of Avianca, has acquired Wamos Air, a Spanish airline specializing in wet lease operations, which had already been operating flights for Avianca. This strategic investment aims to enhance connections between Europe and Latin America. 5

• Grupo Dominguis Energy Services (GDES) has invested in Solatom, a Valencia-based startup that specializes in thermosolar energy systems for industrial heating. Solatom has implemented the world’s largest Fresnel technology-based thermosolar plant for Heineken in Spain. The company, established in 2016, has developed patented solar boilers that offer a renewable alternative to traditional fossil fuel boilers. 6

• Transition Capital has entered into the share capital of Multinivel Ibérica, the company that operates the business of Vinos Cándido, dedicated to the provision of services for the production and treatment of wines directly at the premises of its customers, with the aim of providing resources to the company in its mission to support wineries in the production of their wines. 7

• Unilabs Spain acquired Preteimagen, a leading Basque company in radiology since 1988, with four centers across Bilbao, Gernika, and Getxo. This expansion not only grows its facilities but also incorporates 47 new professionals, including 14 specialist radiodiagnosis doctors. This acquisition enhances Unilabs’s diagnostic capabilities and reaffirms its commitment to expanding its presence and advancing medical diagnostics in Spain. 8

• The Italian group Comelit has acquired a majority stake in the Spanish company Ingenium, based in Oviedo, Asturias. Ingenium S.A. specializes in advanced technologies for home automation and building automation. 9

• Jungle has acquired Bum, a well-established creative company from Barcelona that specializes in public, social, and sports sector projects. This acquisition is part of Jungle’s strategy to strengthen its creative capabilities and expand its presence in Catalonia. 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 450 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.

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