- The new group, which aims to become a global benchmark with a significant presence in Europe, the United States, Africa and Latin America, will reach a turnover of more than 100 million euros by 2024 with a workforce of more than 1,000 professionals.
Barcelona/Madrid, 19 September 2024 - Meta Engineeringthe leading group in consulting and engineering services, sustainable mobility and renewable energies, announces its strategic alliance with Quadrante, a Portuguese multidisciplinary consulting and design company in engineering, architecture, digitalisation, environment and sustainability. QuadrantePortuguese multidisciplinary design and consultancy company in engineering, architecture, digitalisation, environment and sustainability.
This alliance marks a milestone in the industry, combining and complementing the capabilities of both firms to to form one of the most important engineering groups in the Iberian market. The merger of the two companies, which also includes the renewable energy engineering company Izharia, integrated into Meta Engineering from 2022, reflects the joint desire of both companies to expand their international presence and consolidate their technical capacity to take on large-scale international projects, with a special focus on Europe and the United States. With this integration, the new group will close the financial year 2024 with estimated sales of more than 100 million euros and a workforce of 1,100 employees, and plans to achieve significant growth in the coming years.
Enric Font, current CEO of Meta Engineering, will join the new group as a shareholder and will continue in an executive role. At the same time, part of the Meta Engineering management team will become part of the structure of the new group, ensuring strong governance, integrating the experience and vision of the management of both companies.
The union between Quadrante and Meta not only will double the size of the current groupIt will also enhance their technical competencies and geographical reach. The alliance will allow them to offer their customers an even wider range of high quality services, characterised by proximity and flexibility.
The management teams of both companies will be integrated into a single group.This will provide a more global vision and strengthen the new entity's leadership in strategic markets such as Central Europe, North America and Latin America. This joining of forces positions the new group as an international benchmark in engineering and architecture, with the capacity to tackle projects of great complexity and scale.
In addition, this integration opens up new opportunities for employees of both firms, offering more dynamic professional growth, the possibility of developing international careers and the chance to contribute to infrastructure projects that will drive a more sustainable future.
The final closing of the transaction, which has been advised by Deloitte and Bird&Bird on behalf of the buyers Henko Partners and Quadrante, and by JB Capital, KPMG and Cuatrecasas on behalf of the selling shareholders of Meta Engineering, is expected to take place in October, once the standard conditions precedent for such transactions have been met.
The joining of forces between Quadrante and Meta translates into an enormous mutual reinforcement of competences and a geographical complementarity that positions us as one of the main Iberian players in the sector. At a time of global economic transformation, this union accelerates our international expansion strategy and our commitment to sustainability in the various sectors and markets in which we operate".says Nuno Costa, CEO of Quadrante Group.
"The strategic alliance between Meta Engineering and Quadrante dramatically increases our international presence, increasing the number of countries in which we will have a presence to 23, which will undoubtedly contribute to positioning us in more markets as a benchmark in sustainable mobility and energy. Together, we will not only strengthen our presence in key markets, but also gain size and technical and operational capacity, which will allow us to access larger projects and undertake new acquisitions".adds Enric Font, CEO of Meta Engineering.
With energy transition, positive mobility and sustainable cities at the forefront, the new cluster plays a crucial role in meeting the UN Development Goals by driving a profound transformation of existing infrastructures.
About Quadrante
It is one of the leading engineering companies in the Portuguese market, with 25 years of history. It began its sector consolidation strategy in 2012 with the acquisition of Procesl and, more recently, with the acquisition of the sustainability consultancy 3Drivers. The company has been expanding its business internationally, and currently has offices in Brazil, Chile and Romania. In 2023, strategic partner Henko Partners joined the company as a shareholder, bringing a global vision of the critical infrastructure sector. Quadrante operates through an integrated and evolutionary approach to sustainability in three main sectors: Energy, Mobility and Sustainable Cities.
Present in 12 countries and three continents, Quadrante's purpose is to positively impact the planet through an innovative and pioneering approach in the sectors in which it operates and is currently developing major infrastructure projects such as a new metro line in Porto (Portugal), a lithium battery gigafactory in Sines (Portugal), the new Kano-Maradi railway line (Nigeria), the Rio Maior and Torre Bela solar photovoltaic plant (Portugal) and the Abidjan drainage plan for climate change adaptation (Ivory Coast), among many other projects.
About Meta
It is a Spanish company with more than 45 years of experience in the consultancy and engineering sector. Throughout its history, it has consolidated its position in sustainable mobility, thanks to its strong specialisation in railway infrastructures. Since its foundation, Meta Engineering has maintained a strong commitment to technical quality, which has allowed it to offer highly customised engineering services throughout the entire project life cycle.
In 2022, Meta Engineering further strengthened its strategic positioning in sustainability with the acquisition of a majority stake in Izharia Ingeniería, one of Spain's leading engineering companies in the field of energy generation, transmission and distribution.
Its dedication to caring for the environment has made Meta Engineering a benchmark in sustainable mobility and renewable energy generation, actively contributing to the creation of a greener and more sustainable future.
Meta Engineering's most emblematic projects include line 9 of the Barcelona metro, where it has been developing multiple design and construction management contracts since the beginning, the supervision of the Mexico-Toluca interurban railway, the supervision project for the Bracons tunnel, and the supervision, for more than 10 years, of the infrastructure works for the port of Barcelona.
In the energy sector, Izharia is a reference supplier to the main Spanish energy groups, with an extensive track record of 11 GW of renewable energy projects, 5,000 km of power lines and 4,000 substations.
