05/12/2024

Voltan integrates Atlas, inspection specialist provider

  • Voltan, an international technical services group for the energy sector, accelerates growth with incorporation of Atlas into the transmission and distribution business unit
  • Atlas is a specialised technological provider in areal inspection of high-voltage transmission lines assisted by LiDAR and machine learning
  • With Atlas, the group will reach a turnover of €130m in 2024 and expects significant growth in 2025

Madrid, December 5th, 2024 – Voltan has acquired majority stake in Atlas. Atlas will be incorporated into the electrical transmission and distribution business unit, under the continued leadership of Diego Cuasante,  Rubén Garañeda, and Tomás Cabezudo.

Atlas provides digitalisation and monitoring services for transmission and distribution assets to reduce risks and improve efficiency, with the proposal of improving the performance as well as the health and safety of their employees. This is Voltan’s fifth integration since its formation at the end of 2021 and reinforces the groups presence in the transmission and distribution market with technological services for electrical network operators. With this acquisition, Voltan, with a turnover of €130 million, continues to establish itself as an international reference in technical services with a focus on critical energy infrastructure.

In parallel, Voltan has reinforced international presence in Europe with cornerstone projects in the United Kingdom, Germany with relevant growth in maintenance contracts in Perú. With an increasingly global footprint, and under the leadership of Javier Gomez, the group intends to internationalise the operations of Atlas to realise commercial and operational synergies.

From Diego Cuasante, “the integration with Voltan represents an important and exciting stage for the company, introducing new ways to provide value to our market, critical for the energy transition, through the integration with a group who shares the same mission for access to efficient, sustainable, digital and decarbonised energy with the additional support of a strategic investor such as Henko.”

According to Javier Gómez “the acquisition of Atlas strengthens our position in the transmission and distribution market and positions us for the future of the market. With a strong management team and important underlying technology, we look forward to working together and building on each other’s clients and operational opportunities internationally.”

Bird & Bird and Deloitte have advised Henko Partners on this transaction, while Afi have advised the sellers of Atlas.

About Atlas:

Atlas, headquartered in Valladolid, offers innovative digital solutions to improve the management of assets for utilities in forestry and electrical markets, and improves the quality of service regarding care for the environment and health and safety for employees. Through the digitalisation of assets and using digital twins, Atlas helps dramatically reduce financial and extra-financial (ESG) risks.

For more information, visit atlasinnove.com.

About Voltan Group:

Voltan, was founded in 2021 through the integration of MMYPEM and Teiga TMI, complemented in 2022 with the acquisition of Aplipem, and in 2023 the acquisition of Garoc. The group offers a broad spectrum of technical services for the energy industry, covering all stages of the value chain and technical needs. In addition to its activity in Spain, the group has a strong, growing global footprint with offices in Europe, Latin America, and Africa.

For more information, visit voltangroup.com.

About Henko Partners:

Henko Partners is an independent private equity investor focused on supporting outstanding Spanish and Portuguese mid-cap companies in markets with long-term growth trends. The firm partners with strong entrepreneurs and management teams to develop successful businesses and actively engages with its portfolio companies to execute long-term growth plans. As entrepreneurs for entrepreneurs, Henko aims to support companies in accelerating growth and transforming them into more resilient and sustainable businesses. Henko is a responsible investor committed to strict environmental, social, and good governance principles. We aim to contribute to the long-term success of our investors and to a sustainable society.

For more information, visit henkopartners.com.


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Atrás

· Private equity experience across Spain, Portugal, UK and Germany.

 

· Previously partner at Sherpa Capital, Spanish Private Equity with > €350m of assets under management (2020) focused on SMEs in Spain and Portugal.

 

· Partner at DPE Deutsche Private Equity, private equity fund targeting SMEs with €1.2bn of assets under management (2017).

 

· Morgan Stanley Capital Partners.

 

· MPA Harvard University, BSc from LSE London School of Economics.

Lars Becker

Partner

· Former EY Strategy and Transactions Analyst, providing corporate finance solutions in strategic advisory, valuation, m&a, financial restructuring and due diligence.

 

· Previous experience at UBS and Deutsche Bank.

 

· Master in Finance from IE Business School.

 

· Double degree in Business Administration and Actuarial Science from URJC.

Daniel Largo
Analyst

· Previously Investment Associate at Sherpa Capital.

 

· Previous experience at BBVA and Amazon.

 

· Master's Degree in Industrial Engineering from ICAI (Universidad Pontificia Comillas)

Pablo Fernández
Associate

· Extensive experience in finance and management control.

 

· Previous experience as CFO and Client Operations Director at Jones Lang Lasalle, Bouygues and Carrefour, proven ability to implement action plans and process reengineering to improve the company performances.

 

· Degree in Business Administration from Universidad Autónoma de Madrid and MBA by IE.

Vanesa Valentín
CFO

· João has a strong background in M&A advisory services in the Portuguese and Spanish markets.

 

· João started his career at KPMG Portugal providing corporate finance and M&A advisory services and he has also worked at Alantra´s Credit Portfolio Advisory division. 


· João has a MSc in Management and Finance from Cass Business School and a BSc in Business Administration from Católica Lisbon School of Business and Economics.

João Oliveira
Associate

· Extensive private equity experience.

 

· Previously Investment Executive at Sherpa Capital.

 

· Previous experience at Ferrovial and Clearwater.

 

· Business Administration and Management Degree from Universidad de Navarra.

Íñigo Urbón

Director

· Extensive private equity experience.

 

· Previously Investment Associate at Sherpa Capital.

 

· Previous experience at H.I.G. Capital and McKinsey & Company.

 

· Business Administration Degree and MSc in Finance from ESADE Business School.

Jules de Meeûs
Associate

· Extensive private equity experience.

 

· Previously Investment Executive at Sherpa Capital.

 

· Previous experience as an Assistant Manager at Deloitte Corporate Finance, participating in M&A transactions, debt raising and restructuring transactions; and Garrigues, leading Spanish law firm.

 

· Double degree in Law and Business Management (taught in English) from Universidad Pablo de Olavide.

Ricardo Mellado
Vice President