The Spanish company Ayesa, based in Seville, has become the focus of the business community. In the coming weeks, it will have to decide who will become its new strategic partner following the exit of the AMCE fund. Over the past four years, the company has made impressive progress, nearly tripling its revenue and expanding its workforce to 13,000 employees.
In 2021, AMCE acquired a controlling stake in Ayesa, investing significant resources in its development and acquisitions. Thanks to these investments, the company not only strengthened its market position but also shifted its focus from traditional engineering to digital technologies. During this time, Ayesa acquired several tech firms, including players such as Ibermática, M2C, Emergya, and Core. These deals enabled the company to enter new markets and significantly increase the share of technology in its overall revenue structure.
Two directions — two future partners
Ayesa’s management has now decided to split the business into two independent divisions: engineering and technology. This move is expected to make it easier to attract new investors, each of whom can focus on their segment of interest. The company’s valuation is approaching one billion euros, and its technology division has attracted interest from major investment funds as well as industry players, including well-known telecom operators and financial institutions.
Special attention is being given to expansion in English-speaking markets. There are plans to enter the UK, US, Canada, and Australia. This direction has already attracted potential partners who see Ayesa as a promising player on a global scale.
Shareholder changes and new horizons
The AMCE fund is completing its investment cycle and preparing to exit the company’s capital. The process of searching for new shareholders is already underway, with both international funds and major Spanish corporations among the contenders. Interested parties include Blackstone, HIG, Capvest, as well as one of the country’s telecommunications leaders. BBK has also joined the race, aiming to regain control over part of the assets connected to Basque Ibermática.
The founding family, which has managed Ayesa since its inception, notes that the company is experiencing the best period in its history. Management is confident that a new partner will not only help preserve but also multiply the successes of recent years. The main goal is to enter the top five technology providers in Spain and secure a place among the world’s fifty largest engineering companies.
Upcoming decisions will shape the future
Within the next month, it will become clear who will lead Ayesa into its next phase of development. The choice of investors will determine not only the company’s future strategy but also its ability to deliver on ambitious plans for expansion and innovation. The Spanish market is watching this process closely, as the fate of one of the industry’s most dynamic players is at stake.
