MAWEEKLY · 9 de septiembre de 2024

Week 36 (2024) in M&A and Private Equity 🛰️🇪🇸

Weekly collection of transactions (September 2 - 8)

• Aercal, a company specialising in the manufacture of metal components for the aerospace sector, has acquired Tecnipaint, a Seville-based company specialising in surface treatments and painting of aeronautical parts. This transaction marks Capza’s fourth acquisition in the sector, and the third through Aercal. Tecnipaint joins the recent acquisitions of MBC and Compasur.1

• zvoove, software provider for temporary staffing and blue collar industries in Europe acquired Freematica, provider of SaaS ERP software for temporary staffing, security and cleaning agencies in Spain. This strategic acquisition solidifies zvoove’s presence in Europe and extends its reach into the Americas with Freematica’s offices in Mexico and Colombia. 2

• Enerpac Tool Group Corp. acquired Madrid, Spain-based DTA The Smart Move, S.A. (“DTA”), a global player in the industrial heavy loads transportation industry, designing and manufacturing mobile robotic solutions. The purchase price is €24 million plus potential for a three-year earn-out tied to the achievement of certain financial objectives. Founded in 1972 as a family-owned business, DTA specializes in the design and manufacturing of self-propelled transporters for on-site transportation from one to 1,200 tons. Its transporters have been used in sectors such as wind, rail, shipbuilding, automotive, aerospace, steel mill and foundries, the port industry, and others.3

• Oakley Capital announced that portfolio company Alerce is acquiring WeMob, a provider of fleet management and telematics SaaS solutions in Iberia. WeMob provides essential vehicle monitoring and tracking solutions to fleet managers, reporting real time location, on-board diagnostics and driver activity data, ensuring the safety, cost efficiency, and environmental and regulatory compliance of a fleet. Founded in 2014 WeMob has grown to support over 500 clients and over 15,000 vehicles. Founded in 1989 by the Pardo family, Alerce established itself as a leading transport management software (“TMS”) provider to Spanish courier, carrier and haulage businesses. Oakley partnered with Alerce in 2023 to accelerate the company’s growth and facilitate international expansion through organic growth and bolt on acquisitions.4

• TKH France (CAE Groupe, ID Câbles and Casanova) a group supported by Argos Wityu, acquires Spain-based ITS Partner Group and OPENETICS. TKH France reinforces its Hospitality offering, widen its product portfolio with active components and expand its presence in Spain. TKH France is one of France’s leading suppliers of connectivity solutions. ITS Partner Group is a Spanish company specializing in the design, development, production, and distribution of electronic devices aimed at the Hospitality sector. OPENETICS is a Spanish company operating in over 50 countries and specializing in the manufacture of structured cabling technologies and solutions. 5

• Inibsa, the global pharmaceutical group specializing in the development and manufacturing of products for dental practitioners, today announced that France-based Septodont and Acteon will become the shareholders of Inibsa. This project with two new shareholders will enable the group to further accelerate its growth and development, in Iberia and worldwide. Through this investment, Septodont as the majority shareholder will acquire a controlling stake in Inibsa, alongside Acteon, as a strong partner and non-controlling shareholder. 6

• t2ó ONE, a global marketing solutions company backed by Aurica Capital, has announced the integration of Xeerpa into its group, a leading Spanish company in the orchestration of 1st Party Data, the generation of business insights and advertising audiences. t2ó ONE, which had a turnover of 120 million euros in 2023, with a year-on-year increase of 20%, also operates in Southern Europe, Latin America, the United States and Canada. It also achieved an EBITDA of 11 million euros last year. 7

• Fagor Electrónica – Smart Data Services, a specialist in technological solutions for fleet management, has acquired the telematics business of Sateliun, renowned for its vehicle tracking and control technology. Sateliun, a company located in Galicia with more than 20 years of experience in the sector, currently has more than 400 top-level clients in the transport and logistics sector. 8

• Izertis moves forward in its international expansion with the purchase of Swiss company Digiswit. The Geneva-based IT consulting company is the second international integration this year after the British company Projecting, following the roadmap set out in the 2027 Strategic Plan, which focuses on the European and North American markets. With Digiswit, Izertis strengthens its presence in Switzerland in the pharmaceutical, financial, industrial and food sectors and adds new major European customers. Digiswit closed 2023 with a turnover of more than 2 million euros and will bring a team of 28 people to Izertis. 9

• Farmadosis Group is expanding. The Mallorca-based company specialising in hardware and software for pharmacies and hospitals has announced the purchase of Medpoint, a British company specialising in the development and manufacture of automatic teller machines for dispensing medication in pharmacies. Medpoint also installs its technology in hospitals to stimulate patient care flows and speed up waiting times. The company currently has more than 150 service points, including pharmacies, hospitals and other dispensing points.10

• …

Subscribe to receive weekly updates.

Let’s talk!

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.

Reach me: Email, LinkedIn, Twitter

Daily alerts

Remember that these are just some of past week’s transactions. Follow the Twitter and Telegram channel for daily updates on M&A and Private Equity in Spain.

⚠️ Twitter https://twitter.com/empresax_com

⚠️ Telegram https://t.me/empresax