29/06/2022
Voltan consolidates its position as a commissioning specialist with the acquisition of Aplipem
Voltan, an international group focused on energy transition and renewable energies, accelerates its growth following the acquisition of Aplipem, a leading electrical and instrumentation & control (I&C) commissioning specialist
Zaragoza/A Coruña, June 29th, 2022. – Voltan, the Spanish technical services group specialized in the energy industry backed by Henko Partners, is integrating Aplipem to complement its commissioning business unit. With this strategic transaction, Voltan is consolidating its position as a full-service commissioning provider.
Aplipem offers a portfolio of highly specialized electrical services in the assembly and start-up phase of power generation plants, as well as in the transmission and distribution infrastructure. The service offering includes engineering, testing, inspection, commissioning, and operation & maintenance (“O&M”). Outside of Spain, the Company has executed projects in more than 10 countries across South America and the Middle East.
This is the third acquisition by Henko Partners in its buy-and-build strategy Voltan, after the acquisition of MMYPEM and Teiga TMI in 2021.
Francisco Villarino, founder and CEO of Aplipem, will take over Voltan’s commissioning business unit. He has over 20 years of experience in the energy sector and has held several senior positions at leading companies in the sector, such as OHL and Técnicas Reunidas.
According to Francisco Villarino, “the Company is in a great position to take advantage of the growth in renewables and energy infrastructure projects. And we see a strong fit between Voltan’s portfolio of services and ours. We are convinced that our new joint capabilities and strong market reputation will further accelerate the growth of Voltan.”
Bird & Bird advised Voltan on this transaction.
About Voltan:
Voltan, based in Galicia, was founded in 2021 through the integration of MMYPEM and Teiga TMI. The group offers a wide spectrum of technical services focused on the energy industry, such as hydroelectric, solar-thermal, natural gas and green hydrogen plants which cover the entire asset life cycle. In addition to its activity in Spain, the group has subsidiaries in the UK, Germany, Israel, Peru, Chile and Panama and is executing projects globally.
About Henko Capital Partners:
Henko Capital 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 to accelerate growth and transform into more resilient and sustainable businesses. The team has over 25 years of investment experience and a strong execution track-record with over 30 closed transactions. 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.
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