Nervión: Mutares Acquires Spanish Industrial Services Leader
Deal News | Dec 30, 2024 | Mutares
Mutares SE & Co. KGaA has entered an agreement to acquire Nervión Industries, Engineering and Services, S.L.U. from Amper S.A., marking its eighteenth acquisition in 2024. This acquisition will bolster Mutares' Goods & Services segment by adding a key player in the Iberian industrial services market. Nervión, founded in 1956, is renowned for its operations across sectors such as oil & gas, industrial, and energy. With revenues of approximately EUR 200 million in FY 2023, the company is poised for growth. The transaction, pending customary approvals, is expected to complete in Q1 2025. Mutares plans to leverage its expertise to support Nervión's development, enhancing its position and performance in the Spanish market.
Sectors
- Industrial Services
- Private Equity
- Energy Sector
Geography
- Spain – Nervión Industries is a Spanish company, and the acquisition strengthens Mutares' presence in the Spanish industrial services market.
- Germany – Mutares is based in Munich, Germany, and is the acquiring private equity firm.
Industry
- Industrial Services – The article discusses the acquisition of an industrial services company, Nervión Industries, which operates in sectors like oil & gas, industrial, and energy.
- Private Equity – Mutares, a private equity firm, is the acquiring party seeking to expand its portfolio in the Goods & Services segment.
- Energy Sector – Nervión Industries, the target company, operates in the energy sector, specifically in solar PV plant construction and related services.
Financials
- EUR 200 million – The consolidated annual revenues of Nervión Industries for FY 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mutares SE & Co. KGaA | Bidding Company | Companies | A Germany-based private equity firm acquiring Nervión Industries to enhance its Goods & Services segment. |
| Nervión Industries, Engineering and Services, S.L.U. | Target Company | Companies | A leading Spanish industrial services company serving sectors like oil & gas, industrial, and energy. |
| Amper S.A. | Selling Company | Companies | The previous owner of Nervión Industries, selling the firm to Mutares. |
| Johannes Laumann | CIO of Mutares | People | The Chief Investment Officer of Mutares, discussing the strategic benefits of the acquisition. |