GMV will take a stake in the company and will participate in the development of its launchers, with this investment it unlocks a €6M financing.
About GMV
GMV, is a Spanish technology company that started out in the space and defence sector and has gradually grown, diversifying its activities and entering new geographical markets. The company currently offers technologies for a large number of sectors: transport, banking and insurance, cybersecurity, communications e.t.c. GMV is present not only in the European market but also in Asia and America, with 75% of its turnover coming from its internationalisation.
GMV, crecimiento mediante fusiones y adquisiciones
In 2015 GMV posted a turnover of €123M, 10% more than in 2014, and in 2016 the Computerworld ranking placed it as the 33rd technology company. The company's growth is partly due to its acquisition policy, which is allowing it to grow both in new geographic markets and to reinforce the sectors in which it operates. In Spain, for example, in 2011 it bought the security and access control area of Bioingeniería Aragonesa (SABIA), with the aim of reinforcing and complementing its security and access control business. In the US it has also made several acquisitions, such as the purchase in 2015 of the US company Syncromatics, with the aim of consolidating its position in the US market, which GMV considers to be a priority. Syncromatics provides intelligent transport system solutions. Also in 2016, GMV bought the US company Mobilitat Works, which operates in the same sector.
About PLD
Spanish space technology startup located in Elche's technology park, which thanks to GMV's investment will be able to start developing the ARION 1 suborbital launcher and the facilities needed for its manufacture, integration, testing and launch. GMV will also be able to contribute its experience in the sector, which will allow both companies to grow and strategically position themselves in the small space launcher market.
GMV's corporate backing for PLD Space has enabled it to unlock a total investment of €6.7m. The investors include private investment through an investment fund and a family office, both located in the Valencia Region, and public funding, with contributions from CDTI, ENISA, SUMA Teruel, IVF and the European Commission's SME Instrument.
What other Spanish companies working in the space sector have received rounds?
In addition to PLD, other Spanish space technology companies have received investment in recent years.
A few days ago we told you that Satlantis had received a €2.3M round in which Telefónica, the Everis-NTT group, the engineering firm Idom and the Basque venture capital firm Orza participated.
Another company that has received investment is Zero 2 Infinity. This Catalan company was the first in Europe to launch a small satellite for subsequent launch into orbit. Among the investors that have participated in this company, Caixa capital risk stands out.
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Verse, Satlantis, Untruck young Spanish companies receive investment for growth