• Negratín Global Services brought TiLT Capital Partners SAS (alongside SWEN Capital Partners) into its shareholding. The investment fuels Negratín’s next growth phase as an EPC and IPP in solar.
• Neobank MyInvestor acquired the stake in Findango Finance previously held by London-based Blantyre Capital Limited. The deal aims to scale Findango’s short-term working-capital solutions for underserved SMEs.
• Germany’s POLYMELT Pipe Systems GmbH joined Spain-based ABN PIPE SYSTEMS. Its Ebenhofen (Bavaria) plant becomes a key hub for ABN’s Central European growth. The integration provides greater investment capacity, cross-selling and broader polypropylene solutions while preserving technical know-how and continuity for customers and suppliers.
• Grupo Bcnvision – Visión artificial acquired PYGSA and Invescontrol, creating a ~100-person Iberian team. The integration strengthens a full-stack industrial machine-vision offering (traditional vision + AI), coordinated technical and commercial coverage nationwide, and sector-specific equipment.
• European tech group team.blue (Hg) made a strategic investment in Spanish e-invoicing platform B2Brouter, its ninth acquisition of 2025. B2Brouter automates invoicing, serving freelancers, SMBs and multi-entity enterprises.
• Forus (J.P. Morgan), the Spanish sports-centers chain, agreed to acquire Inacua from Serveo (Portobello Capital), activating a new growth phase. The transaction expands Forus’s footprint in Spain’s municipal and private sports facilities market, adding Inacua’s swimming and fitness complexes.
• Zander Foods, a Catalan charcuterie group based in Montcada i Reixac, has acquired 100% of Vanguard Aliment Ibérica, a Badalona distributor of cold cuts, hams, and cheeses. The deal supports Zander’s integration, boosts commercial and logistics capacity, and expands its portfolio, lifting presence to more than 5,000 points.
• Belgian labels/packaging group AsteriaGroup acquired Grupo Gráfico Ezquerro (Lodosa, Navarra). Ezquerro employs ~200 people across four plants and posted €42.3m revenue in 2024. For Asteria (35+ sites, 16,000 customers, including existing plants in Galicia and Valencia), the deal deepens its Spanish presence.
• Badajoz-based VITALY (Artá Capital), a national leader in occupational health and safety, integrated Grupo ANP Prevención de Riesgos Laborales (notably strong in Málaga, with activity across Andalucía and Madrid). Vítaly cites a 25-year track record integrating 80+ firms.
• Italian ceramics solutions group Smalticeram Group acquired Onda-based Vernís to strengthen service, broaden the product portfolio, and add sector talent. Post-deal, the combined team totals ~245 professionals, enhancing Spanish operations and international reach.
