- Voltan, backed by Henko Partners, accelerates its growth with the addition of Atlas Innovative Engineering to its power transmission and distribution business unit.
- Atlas is a technology provider specialising in power line inspection services supported by LiDAR and machine learning technology.
- Following the integration of Atlas, Voltan will have a turnover of €130m in 2024 and expects to grow significantly by 2025.
Madrid, 5 December 2024 -Voltan has acquired a majority stake in Atlas for the energy services group Voltan. Atlas will be incorporated into the electricity transmission and distribution business unit, under the continued management of Diego Cuasante, Rubén Garañeda and Tomás Cabezudo.
Atlas provides digitisation and monitoring services for transmission and distribution assets to reduce risk and improve efficiency, with the aim of improving performance as well as the health and safety of its employees. This is Voltan's fifth integration since its incorporation at the end of 2021 and reinforces the group's presence in the transmission and distribution market with technology services for electricity grid operators. With this acquisition, Voltan, with a turnover of 130 million euros, continues to consolidate its position as an international reference in technical services focused on critical energy infrastructures.
In parallel, Voltan has strengthened its international presence in Europe with key projects in the UK and Germany and significant growth in maintenance contracts in Peru. With an increasingly global presence, and under the leadership of CEO Javier Gómez, the group plans to internationalise Atlas' operations to take advantage of commercial and operational synergies.
For Diego Cuasante, "the integration into Voltan is a key and exciting milestone for the company, as we will have new capabilities to bring value to our market, which is critical for the energy transition, by joining a group that shares our passion for making energy access more efficient, sustainable, digital and decarbonised".
According to Javier Gómez, "The acquisition of Atlas strengthens our position in the power transmission and distribution market and positions us to meet future market challenges. With a strong management team and significant technology, we look forward to working together and taking advantage of each other's operational and customer opportunities on an international scale".
Bird & Bird and Deloitte advised Voltan and Henko Partners on this transaction, while Afi advised the sellers of Atlas.
About Atlas:
Atlas, based in Valladolid, Spain, offers innovative digital solutions to improve the efficiency of asset management in the energy and forestry utility markets, improving the quality of service offered to our clients while increasing the environmental friendliness and health and safety of operations. Through the digitisation of assets and the use of digital twins, a drastic reduction of financial and extra-financial risks or ESG (Environment, Social & Governance) is enabled.
For more information, visit www.atlasinnove.com.
About Voltan:
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.
