IMAP Albia Capital advises Azol-Gas in the sale of a majority stake to Induhold


IMAP Albia Capital has advised the shareholders of Azol Gas in the sale of a majority stake to Induhold Participaciones, an industrial holding company promoted by Enrique Arriola, former Managing Director of the Tubos Reunidos Group, and by Fernando Castresana, previously CEO of the Tryo Group. Together with the promoters, Kaizaharra Corporación Empresarial – KCE – and the Garavilla family have acted as partners in this project.

About  Azol Gas

Azol Gas is the leading Spanish manufacturer of nitrogen gas springs. Azol Gas designs, develops, manufactures and markets nitrogen gas springs for die-casting and stamping of metal components, addressing 80% of its sales to international markets.

About Induhold Participaciones

Induhold is a newly created industrial holding company that acts as a platform for the development of business projects by way of the investment in and management of industrial companies that manufacture equipment, components and systems or related services, in various sectors of activity, that maintain leading positions in their niche markets, thanks to their competitive advantages related to technological differentiation and customer service.

The acquisition of Azol Gas is Induhold’s first transaction and it is part of its strategic Plan, which includes adding to the Group industrial companies that share the features of control of technology, focus on the professional segment and relevant presence in international markets.

About Kaizaharra Corporación Empresarial

Kaizaharra Corporación Empresarial is a Business Corporation based in Bilbao and promoted by Iñaki López Gandásegui. KCE invests in medium-sized industrial companies based in Spain with the aim of supporting their development opportunities by strengthening their technological capabilities, internationalization and management.

About  IMAP Albia Capital

IMAP Albia Capital ( is a firm that specializes in mergers and acquisitions, and it is an exclusive member of IMAP in Spain. IMAP is an organization present in over 40 countries and over 200 transactions completed per year over the last 10 years.

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