{"id":70033,"date":"2026-07-02T14:46:55","date_gmt":"2026-07-02T12:46:55","guid":{"rendered":"https:\/\/techma.bakertilly.es\/?p=70033"},"modified":"2026-07-20T14:47:43","modified_gmt":"2026-07-20T12:47:43","slug":"operations-ma-technology-june-2026","status":"publish","type":"post","link":"https:\/\/techma.bakertilly.es\/en\/operaciones-ma-tecnologico-junio-2026\/","title":{"rendered":"Notable technology M&A deals in Spain | Analysis: June 2026"},"content":{"rendered":"

Technology M&A in Spain closed June 2026 with 40 identified transactions<\/strong>, of which 21 were acquisitions, private equity investments, asset purchases or equity investments, whilst 19 were venture capital funding rounds. Transactions with a published value exceeded 500 million euros<\/strong>, although 19 transactions did not disclose a price.<\/p>\n\n\n\n

The activity had a marked international dimension: 21 transactions were cross-border and 19 were domestic. Compared with May, when 36 transactions were recorded with a known value of approximately 720.7 million euros, June saw greater activity but a lower visible value: much of the month\u2019s strategic value was hidden in private transactions where the price was not disclosed.<\/p>\n\n\n\n

June confirmed that industrial buyers and funds continue to use acquisition of technology companies<\/a> to gain access to vertical-specific software, customer bases, specialist talent, critical infrastructure and artificial intelligence capabilities applied to specific processes. Public investment, meanwhile, took centre stage in the fields of semiconductors, quantum computing and energy-efficient artificial intelligence.<\/p>\n\n\n\n

<\/span>A quantitative analysis of the market for the sale and purchase of technology companies in June 2026<\/span><\/h2>\n\n\n\n

The 40 transactions identified in June involved a variety of structures for the sale and purchase of technology companies:<\/p>\n\n\n\n

<\/div>\n\n\n\n
Variable<\/th>Data<\/th><\/tr><\/thead>
Total transactions<\/td>40<\/td><\/tr>
Acquisitions, private equity, asset purchases or equity investments<\/td>21<\/td><\/tr>
Venture capital funding rounds<\/td>19<\/td><\/tr>
Cross-border operations<\/td>21<\/td><\/tr>
Domestic operations<\/td>19<\/td><\/tr>
Volume with published value<\/td>+\u20ac500 million<\/td><\/tr>
Transactions for which no price has been disclosed<\/td>19<\/td><\/tr>
Comparison: May 2026 (transactions \/ known volume)<\/td>36 \/ ~\u20ac720.7 million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

June was not dominated by a single major tech sale, as was the case in June 2025 with vLex <\/strong>and Clio<\/strong>, but rather by a more diversified portfolio of digital platforms, sector-specific software, infrastructure and deep tech<\/em>.<\/p>\n\n\n\n

<\/span>Private equity: platforms, transformation and digital assets<\/span><\/h2>\n\n\n\n

The most notable private equity deal of the month was the acquisition of 95 per cent of BeeDigital<\/strong> by GPF Partners<\/strong>, in a transaction that is reported to have valued the company at approximately 100 million euros<\/strong>. The management team retains the remaining 5 per cent and continues to lead the project.<\/p>\n\n\n\n

BeeDigital brings with it a customer base of around 65,000 in Spain and Latin America, digital marketing services, and a transformation from the former Yellow Pages business into a subscription platform underpinned by software and artificial intelligence. For GPF, the investment thesis is not limited to improving a service agency: it involves building a technology platform for the digitalisation of SMEs and the self-employed in Spanish-speaking markets, capable of transforming its new Beesible platform into a more scalable SaaS offering with better margins.<\/p>\n\n\n\n

The transaction also constitutes a secondary buyout<\/em>: Metric Capital Partners<\/strong> and Evolvere Capital<\/strong> are exiting their stake after having driven the transformation of a traditional asset into a digital platform. It is an example of how private equity can create value not only through financial growth, but also by changing the revenue model, the technological offering and the positioning of the asset \u2013 a process that we at Baker Tilly regularly support through our growth consultancy services<\/a>.<\/p>\n\n\n\n

Another key transaction was the purchase of a 49.99 per cent stake in Infraco<\/strong> from Avatel <\/strong>by a consortium led by Inveready<\/strong> and several family offices, for 83 million euros<\/strong>. Infraco brings together digital infrastructure assets, including masts, local data centres and fibre. The separation of infrastructure enables the monetisation of capital-intensive assets, the bringing in of specialist partners and the freeing up of resources for the commercial telecoms business; for investors, Infraco offers exposure to assets that are essential for connectivity, with the potential to expand the wholesale customer base and improve network utilisation.<\/p>\n\n\n\n

He also highlighted the acquisition of Andy<\/strong> by CHR Group<\/strong>, a European platform backed by Verto and with new investment from PSG Equity. Andy provides software to digitise food safety, HACCP protocols, labelling, audits and operational management for restaurant chains, hotels and catering companies. CHR <\/strong>simultaneously acquired the Dutch company Rmoni<\/strong>, creating a combination of operational software and connected monitoring. The strategy follows a classic \u2018buy-and-build\u2019<\/a><\/em>model: integrating complementary solutions, expanding geographical presence and building a specialised platform with recurring revenue, as Andy\u2019s value lies not only in its technology, but also in its integration into critical and regulated processes, where replacement costs are high.<\/p>\n\n\n\n

<\/span>Consolidation of technology services and industrial software<\/span><\/h2>\n\n\n\n

June saw a number of domestic acquisitions aimed at strengthening talent, product offerings and sector coverage.<\/p>\n\n\n\n

L\u00e3berit<\/strong> acquired Gloin<\/strong>, a software engineering firm based in C\u00e1ceres. The deal brings on board a specialised technical team and establishes a new operational centre in Extremadura. Laberint is partly owned by Nazca Capital, which announced in 2025 a strategy for organic and inorganic growth backed by a capital increase of 10 million euros. This rationale is particularly relevant to the IT services sector: in a market where talent constrains growth, acquiring a company with cohesive teams, technical expertise and local connections can be quicker and less risky than building that capability from scratch.<\/p>\n\n\n\n

If you\u2019d like to find out more about inorganic growth strategies, here\u2019s a comprehensive guide<\/a> for CEOs and senior managers in which we explain in detail how to grow an SME by acquiring other companies.<\/p>\n\n\n\n

In the industrial software sector, Ibernova<\/strong> acquired 100% of TAI Smart Factory<\/strong>. TAI brings MES and MOM systems, expertise in plant operations and experience in sectors such as the automotive, food, pharmaceutical and chemical industries. Ibernova is thus expanding its offering from engineering and industrial software towards a more comprehensive platform for the digitalisation of factories. This type of vertical software remains one of the most attractive assets in technology M&A: it is deeply integrated into the client\u2019s operations, requires functional knowledge and generates cross-selling opportunities, following the same trend observed in March, April and May, where buyers are not seeking generic technology, but rather solutions that control specific processes and are difficult to replace.<\/p>\n\n\n\n

<\/span>International buyers are seeking Spanish expertise<\/span><\/h2>\n\n\n\n

Eleven of the 21 transactions not linked to venture capital were cross-border. Spain continues to serve as a source market for companies with specialised products, regional reach and technology teams capable of integrating into international platforms.<\/p>\n\n\n\n