{"id":67505,"date":"2025-04-10T17:39:48","date_gmt":"2025-04-10T15:39:48","guid":{"rendered":"https:\/\/techma.bakertilly.es\/?p=67505"},"modified":"2025-07-10T14:01:03","modified_gmt":"2025-07-10T12:01:03","slug":"overview-of-the-technology-media-and-telecommunications-sector-in-spain-march-2025","status":"publish","type":"post","link":"https:\/\/techma.bakertilly.es\/en\/panorama-de-ma-en-tecnologia-medios-y-telecomunicaciones-en-espana-marzo-2025\/","title":{"rendered":"Technology, Media and Telecoms M&amp;A landscape in Spain - March 2025"},"content":{"rendered":"<p class=\"translation-block\">March 2025 has been an especially active month for mergers and acquisitions (M&amp;A) in the <a href=\"https:\/\/techma.bakertilly.es\/en\/companies\/\" target=\"_self\">technology, media, and telecommunications (TMT) sector<\/a> in Spain. The operations ranged from strategic acquisitions and capital increases to minority investments in emerging tech startups. Below is a detailed analysis of market behavior, the most relevant players, and the trends that are taking shape.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Fuerte_Actividad_de_Capital_Riesgo_en_el_Ecosistema_Start-up_Espanol\"><\/span><strong>1. Strong Venture Capital Activity in the Spanish Start-up Ecosystem<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"translation-block\">Venture Capital was the main driver of transactions this month. At least <strong>13 investment rounds<\/strong> were completed in tech startups, representing a significant boost to the Spanish entrepreneurial ecosystem.<\/p>\n\n\n\n<p>Among the most prominent:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><strong>Playtomic<\/strong> closed an impressive <strong>65 million euro<\/strong> funding round, with participation from international investors such as <strong>Match Invest<\/strong>, <strong>Luxembourg Finance House<\/strong>, and <strong>Banco Santander<\/strong>. This Madrid-based startup develops software for managing sports reservations and continues to position itself as a European leader in the padel and tennis segment.<\/li>\n\n\n\n<li class=\"translation-block\"><strong>Gaiarooms<\/strong>, specialized in the digitalization of tourist accommodations, received <strong>10 million euros<\/strong> in a round led by <strong>Bonsai Partners<\/strong>, confirming the consolidation of tourism tech as a strategic segment.<\/li>\n\n\n\n<li class=\"translation-block\"><strong>Wannme<\/strong>, a Madrid-based fintech focused on online payments, secured <strong>7 million euros<\/strong> from U.S. investors (Arena Investors and IDC Arena Credit Ventures), highlighting the ability of Spanish startups to attract foreign capital.<\/li>\n\n\n\n<li class=\"translation-block\">Other notable rounds include <strong>Flowww<\/strong> (\u20ac4M), <strong>Multiverse Computing<\/strong> (\u20ac67M, with investment from the Spanish government through SETT), <strong>Carina AI<\/strong> (\u20ac0.5M), <strong>Okify<\/strong> (\u20ac1M), <strong>Mainder<\/strong> (\u20ac0.6M), and <strong>Eaship<\/strong> (undisclosed amount).<\/li>\n<\/ul>\n\n\n\n<p>This boom in investment reflects both the maturity of the Spanish technological fabric and the growing international interest in the country as an innovation hub.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Movimientos_Corporativos_Estrategicos_M_A_como_Palanca_de_Crecimiento\"><\/span><strong>2. Strategic Corporate Moves: M&amp;A as a Lever for Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Some established companies made strategic acquisitions to accelerate expansion or strengthen core competencies:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><strong>Elko Ep<\/strong>, a Czech group in the electronics sector, announced the acquisition of <strong>F\u00e1brica Electrot\u00e9cnica Josa (BJC)<\/strong> from <strong>Siemens<\/strong>. Although the amount was not disclosed, the deal underscores the appeal of Spanish industrial companies with strong local roots and international potential.<\/li>\n\n\n\n<li class=\"translation-block\"><strong>Squirrel Media<\/strong> continues its integration strategy in the audiovisual sector with the acquisition of 100% of <strong>Grupo Ganga<\/strong>, the production company behind several successful television series.<\/li>\n\n\n\n<li class=\"translation-block\">In the cybersecurity sector, <strong>Lumu (USA)<\/strong> acquired <strong>Maltiverse<\/strong>, a Madrid-based startup specialized in threat intelligence, as part of its European expansion.<\/li>\n\n\n\n<li class=\"translation-block\"><strong>Altia<\/strong> acquired the data and artificial intelligence business of <strong>Verne Group<\/strong> for <strong>4.15 million euros<\/strong>, marking a clear commitment to advanced analytics services.<\/li>\n\n\n\n<li class=\"translation-block\">In a significant international deal, <strong>Millicom Spain<\/strong> agreed to purchase 67.5% of <strong>Telef\u00f3nica Colombia<\/strong> for <strong>366 million euros<\/strong>, highlighting Spain's role as a platform for strategic investments in LATAM.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Tecnologia_Aplicada_a_Sectores_Verticales_IA_Deporte_Real_Estate_y_Mas\"><\/span><strong>3. Technology Applied to Vertical Sectors: AI, Sport, Real Estate and More<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One of the most interesting aspects of the month is the diversity of technology applications that attracted investment:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><strong>Admefy<\/strong> and <strong>Metrica Sport<\/strong>, two companies in which <strong>FC Barcelona<\/strong> invested through its venture capital arm <strong>Bar\u00e7a Innovation Hub<\/strong>, showcase how sports clubs are leading technological change in the sports industry.<\/li>\n\n\n\n<li class=\"translation-block\"><strong>Habitatsoft<\/strong>, a provider of solutions for the real estate sector, was acquired by <strong>Immobiliare.it<\/strong> (Italy) for <strong>22.5 million euros<\/strong>, in a clear move to consolidate proptech platforms in Europe.<\/li>\n\n\n\n<li class=\"translation-block\"><strong>Applivery<\/strong>, focused on device management in SaaS environments, received investment from <strong>Supercell<\/strong> (Finland), consolidating the trend of gaming companies diversifying into digital infrastructure.<\/li>\n\n\n\n<li class=\"translation-block\">ChatGPT Plus\n<strong>Rustcon (Brazil)<\/strong> was acquired by <strong>Minsait<\/strong>, a subsidiary of <strong>Indra<\/strong>, strengthening Spain's position in advanced technological consulting and cybersecurity in Latin America.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Movimientos_de_Consolidacion_y_Fusiones_Casos_de_Exito_en_Moda_y_Software\"><\/span><strong>4. Consolidation and Mergers: Success Stories in Fashion and Software<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The month also left room for strategic mergers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Lookiero<\/strong> (Spain) and <strong>OUTFITTERY<\/strong> (Germany), both of which specialise in online personal shopping, announced their merger. Although the financial details were not disclosed, the deal represents a key consolidation in the European fashion-tech sector.<\/li>\n\n\n\n<li>En software empresarial, <strong>Seresco<\/strong> acquired 75% of the Portuguese company <strong>F5IT<\/strong> by <strong>\u20ac2.51 million<\/strong>, strengthening its presence in the Iberian Peninsula.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Telecomunicaciones_Reconfiguracion_del_Mapa_Operativo\"><\/span><strong>5. Telecommunications: Reconfiguring the Operational Map<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In addition to the movement of <strong>Millicom and Telef\u00f3nica<\/strong>, the acquisition of <strong>Sercom Solutions<\/strong> by <strong>Vodafone Spain<\/strong>, as part of its strategy to manage the prepaid distribution network.<\/p>\n\n\n\n<p>These operations signal a new cycle of concentration and restructuring in the telco sector, with a focus on efficiency and strategic positioning.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Iniciativas_Publicas_El_Estado_como_Motor_de_Innovacion\"><\/span><strong>6. Public Initiatives: The State as a Driver of Innovation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"translation-block\">In addition to the <strong>Millicom and Telef\u00f3nica<\/strong> deal, <strong>Sercom Soluciones<\/strong> was acquired by <strong>Vodafone Spain<\/strong>, as part of its strategy to control the prepaid distribution channel.<\/p>\n\n\n\n<p>This move not only validates the technology as a strategic area for economic development, but also places Spain as one of the few countries actively promoting quantum computing with public funds.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusiones_y_Perspectivas\"><\/span><strong>Conclusions and Perspectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Several key conclusions can be drawn from the March 2025 analysis:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><strong>Diversification<\/strong>: Investments were not only concentrated in SaaS or fintech but also in proptech, sportech, HRTech, travel, and logistics, among others.<\/li>\n\n\n\n<li class=\"translation-block\"><strong>Internationalization<\/strong>: The presence of buyers and investors from the United States, Finland, Italy, Germany, Luxembourg, and Brazil confirms the global appeal of Spanish startups and companies.<\/li>\n\n\n\n<li class=\"translation-block\"><strong>Sector Consolidation<\/strong>: M&amp;A transactions show a clear interest from corporations and funds in consolidating their competitive position through strategic acquisitions.<\/li>\n\n\n\n<li class=\"translation-block\"><strong>Cross-sector Technology<\/strong>: Virtually all the sectors involved (sports, tourism, healthcare, real estate, fashion, etc.) are integrating technological solutions, especially based on AI, automation, and advanced analytics.<\/li>\n\n\n\n<li class=\"translation-block\">ChatGPT Plus\n<strong>Institutional Support<\/strong>: The involvement of the State in rounds like that of Multiverse shows a public commitment to disruptive technologies with strategic impact.<\/li>\n<\/ul>\n\n\n\n<p>With this solid base, the coming months are set to continue to be marked by TMT activity, consolidating Spain as one of the most dynamic emerging technology hubs in Europe.<\/p>\n\n\n\n<p class=\"translation-block\">The Tech M&amp;A team at Baker Tilly is dedicated to connecting growing technology and digital companies with strategic buyers and investors. Whether you are organizing a new funding round, considering a <a href=\"https:\/\/techma.bakertilly.es\/en\/\" target=\"_self\">merger or acquisition<\/a>, or looking to enter new markets, our team offers strong industry expertise along with global reach to successfully execute transactions.<\/p>","protected":false},"excerpt":{"rendered":"<p>Marzo de 2025 ha sido un mes especialmente activo para las fusiones y adquisiciones (M&amp;A) en el sector de tecnolog\u00eda, medios y telecomunicaciones (TMT) en Espa\u00f1a. Las operaciones abarcaron desde adquisiciones estrat\u00e9gicas y ampliaciones de capital hasta inversiones minoritarias en startups tecnol\u00f3gicas emergentes. A continuaci\u00f3n, se analiza en detalle el comportamiento del mercado, los actores [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":67530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[222],"tags":[],"sectores":[2214],"tipo-contenido":[2260],"class_list":["post-67505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-adquisiciones","sectores-digital-media-advertising","tipo-contenido-noticias"],"acf":[],"_links":{"self":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/67505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/comments?post=67505"}],"version-history":[{"count":0,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/67505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/media\/67530"}],"wp:attachment":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/media?parent=67505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/categories?post=67505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tags?post=67505"},{"taxonomy":"sectores","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/sectores?post=67505"},{"taxonomy":"tipo-contenido","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tipo-contenido?post=67505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}