- Garaysa, a specialist in high-voltage substations and evacuation lines, joins Voltan's Transmission and Distribution (T&D) unit.
- The deal is Voltan's sixth acquisition since 2021 and Voltan expects to exceed €140 million turnover by 2026.
Madrid, 27 February 2026 - Garaysa will become part of the Transmission and Distribution (T&D) business unit, maintaining its current operational structure and continuing under the leadership of Pablo Echegaray, founder and CEO of the company.
Garaysa has a solid track record in the development and execution of electrical substations and high-voltage evacuation lines, with an outstanding specialisation in projects associated with the deployment of renewable energies. Their integration expands Voltan's technical capabilities in a key segment for the reinforcement and expansion of the electricity grid. With this transaction, Voltan continues to advance in its selective growth strategy initiated in 2021, bringing the total number of integrations to six. The group is thus consolidating its value proposition as a platform specialising in technical services for critical energy infrastructures.
The incorporation of Garaysa will generate operational and commercial synergies within the T&D division, reinforcing the group's capacity to meet the growing volume of investments in electricity grids and evacuation projects associated with the energy transition. Pablo Echegaray and the rest of the Garaysa team This is a very important reinforcement to further boost the T&D division, gaining technical capabilities, entering new customers and opening new international markets.
For Pablo Echegaray, CEO of Garaysa, «The integration into Voltan is an important milestone that allows us to strengthen our position in a key market for the energy transition. Being part of a group with a vision aligned in efficiency, sustainability and digitalisation, and having the backing of a strategic partner such as Henko, puts us in a stronger position to face the challenges and opportunities of this new stage”.”
According to Javier Gómez, CEO of Voltan, «Garaysa's experience in high voltage and substations complements our current offering and reinforces our ambition to become a benchmark player in electricity transmission and distribution”.”
Bird & Bird and Deloitte advised Voltan and Henko Partners on this transaction, while Grupo Delega and Garrigues advised the partners of Garaysa.
About Garaysa:
Based in Carballo, it is a Spanish company with more than 20 years' experience in the electricity sector, specialising in the installation, execution, maintenance and assembly of low, medium and high voltage electrical infrastructures, including electrical substations and evacuation lines. It operates with a highly qualified technical team and has certified management systems in quality, environment and occupational safety, which reinforces its capacity to execute complex projects with high technical and compliance standards.
For more information, visit www.garaysa.com.
About the Voltan Group:
Voltan, headquartered in Madrid, offers a broad spectrum of technical services focused on energy infrastructure, covering all phases of the value chain and technical needs. In addition to its activity in Spain, the group has strong global growth with subsidiaries in Europe and Latam. The group is backed by Spanish investor Henko Partners.
For more information, visit www.voltangroup.com.
About Henko Partners:
Henko Partners is an independent private equity firm focused on supporting Spanish and Portuguese SMEs in markets with long-term growth trends. The strategy is to work with entrepreneurs and management teams to develop high potential businesses. As entrepreneurs for entrepreneurs, the firm supports companies to accelerate their growth and transform into more resilient and sustainable businesses. Henko Partners is a responsible investor committed to strict environmental, social and governance principles.
For more information, visit www.henkopartners.com.
