This month's report highlights the most important M&A transactions and investment rounds in the Spanish technology sector. The Spanish technology ecosystem continues to attract both domestic and foreign capital, with particular emphasis on sectors such as cybersecurity and artificial intelligence. This activity reflects the growing importance of Spain as a technology hub in Southern Europe.
Acquisitions of companies in the technology sector
Orbitude acquires Hispasat
Orbitude, a Spanish satellite communications company owned by Indra, has acquired 89.68% of the telecommunications company Hispasat from its previous owner, Redeia Sistemas de Telecomunicaciones, for 725 million euros. The acquisition will enable Orbitude to strengthen its position in the aerospace and defense sector, thus expanding its satellite capabilities.
BusUp Technologies acquires Iomob
Spanish company specialized in corporate mobility management BusUp Technologies has recently focused its efforts on expanding internationally, acquiring Estonian mobility startup Iomob from private shareholders, thus strengthening its position in sustainable transportation.
TRISON acquires Zero-In
The Spanish company TRISON, European leader in the integration of digital signage solutions, has acquired the U.S. digital media company Zero-In from private shareholders, strengthening its international presence in the commercial and marketing technology sector.
This acquisition marks TRISON's formal entry into the U.S. market, strengthening its global presence and expanding its capabilities in strategic sectors and consolidating its position as a global provider of digital experience solutions.
KPMG Spain acquires LOYIC
The consulting firm KPMG Spain has acquired from private shareholders the Spanish company LOYIC, a company specialized in the implementation of SAP software for real estate asset management, thus strengthening KPMG's digital transformation capabilities.
The integration of LOYIC positions KPMG as a benchmark in SAP solutions in the EMEA region, expanding its reach in this strategic sector. With this acquisition, KPMG exceeds 1,000 professionals dedicated to advising on transformation and technology, areas where cybersecurity and artificial intelligence play a key role. In addition, this expansion reinforces KPMG's presence in the national territory and its ability to offer advanced technological solutions to its clients.
TravelPerk acquires Yokoy
Spanish corporate travel platform TravelPerk acquires Swiss fintech Yokoy from private investors for $200 million to create the leading integrated travel and expense management platform in the market. This acquisition enables TravelPerk to offer its customers a more comprehensive travel offering and unified expense management, while expanding its potential market.
TS Textile Solutions Group adquiere Penelope CAD
German textile solutions provider TS Textile Solutions Group has acquired Spanish global leader in textile design software solutions Penelope CAD. This acquisition represents a strategic step in TSG's mission to offer integrated, state-of-the-art solutions for the textile industry. Penelope CAD's advanced tools for textile design and simulation complement TSG's expertise in production planning, management and optimization. This integration creates an ecosystem that connects the creative and technical aspects of textile production, enabling companies to achieve greater efficiency and innovation.
Avvale acquires PMP
Italian technology consultancy Avvale has acquired the Spanish digital transformation company PMP from private shareholders. This acquisition strengthens Avvale's presence in the Spanish market and expands its offering in the area of enterprise performance management.
Cegid acquires Microdata Software
French business software company Cegid has acquired a Spanish company specialized in e-invoicing and management solutions for SMEs, Microdata Software, from private investors. This acquisition aims to expand Cegid's offering in the Spanish market and strengthen its position in the e-invoicing sector.
Investment rounds of technology companies in Spain
Zelt receives investments from Episode 1, Nauta Capital and Venrex Investment Management
UK HR technology platform Zelt, has raised $6 million in a funding round led by Nauta Capital, with participation from Venrex Investment Management and Episode 1. This investment will enable Zelt to expand its product suite and support its expansion in Spain and the UK, while adding enhanced features to improve its customers' experience.
Meteomatics receives international funding
Swiss weather analytics company Meteomatics raises $22 million from a Series C funding round led by Amira Growth in which other U.S. private investors have participated. The company plans to use these funds to expand its U.S. operations to meet the growing demand for accurate weather data in sectors such as energy, insurance, agriculture, aviation and automotive.
The investment will enable Meteomatics to improve its weather models and expand its presence in the U.S. market, where companies are increasingly looking for accurate tools to anticipate and mitigate the impacts of extreme weather events.
iPronics receives multinational investment round
Spanish photonic computing company iPronics has received funding from international investors such as Amadeus Capital Partners, Bosch Ventures, Criteria Venture Tech, Fine Structure Ventures and Triatomic Capital, to expand its advanced computing solutions.
The company will use these funds to accelerate the development of its innovative chips based on ferromagnetic semiconductor technology, targeting applications in artificial intelligence, communications and data storage.
LAIIER receives investment from international venture funds
LAIIER, an innovative provider of liquid leak detection solutions for commercial and industrial buildings, has closed a $4 million financing round. Investment firm Closed Loop Partners led this round, with participation from six other funds, including Burnt Island Ventures, Mundi Ventures, Bonaventure Capital, Carlisle Ventures, One Small Planet and Virta Ventures.
The company will use these funds to expand its presence in North America and continue to develop its patented liquid leak detection technologies, focusing on commercial and industrial applications.
Kymatio secures investment from multiple investors
Kymatio, a company specialized in human risk management in cybersecurity, has closed a €1.85 million investment round. The investment was led by Decelera, ABANCA and Fides Capital, with the participation of existing investors such as JME, Wayra (Telefónica's CVC), Omnia InfoSys and Sherry VC.
These funds will enable Kymatio to strengthen its presence in Spain and expand in Europe and Latin America. In addition, the company will invest in technological innovation, developing advanced tools based on artificial intelligence to manage and prevent human risks in cybersecurity, and will strengthen its team to consolidate its leadership in the sector.
Parkiduo receives funding from BANC and Technetium
The Spanish smart parking startup Parkiduo has received €45,000 investment from Business Angels Network Catalunya (BANC) and Technetium. The latter not only provides financial capital but also technology and business advice. This transaction reinforces Parkiduo's growth in urban mobility technology.
Genesy AI secures investments from Itnig, JME, KFund, Samaipata, among others.
Spanish AI-based customer service startup Genesy AI has closed a €5 million investment round. VC firm Samaipata led this round, with participation from investors such asItnig, JME Venture Capital, K Founders Preseed, K3 and KFund. This investment represents the largest round in a native generative AI company led by a Spanish VC firm to date.
With this operation, Genesy to transform B2B sales processes through AI-based solutions.
Virtuleap receives investment from Buenavista Ventures Portugal
The Portuguese startup specialized in virtual reality solutions for the assessment and improvement of cognitive skills Virtuleap has received investments from several funds, Buenavista Equity Partners among them. The aim of the investment is to accelerate the development and commercialization of its virtual reality solutions applied to cognitive health. It also reflects the funds' commitment to technology that positively impacts people's lives, especially in the area of mental health and wellness.
At Baker Tilly, as company sale and purchase advisors in the technology sector, we analyze the latest market trends to ensure the greatest success in our clients' transactions. If you want to keep up to date with the latest news on the sale and purchase transactions or investments in companies in the technology sector, subscribe to our newsletter. If, on the other hand, you are looking for advice on this matter, do not hesitate to contact us.