Key Takeaways
- Goros Investments acquired Auxitel.
- Sector: Industrials, Telecommunications, Aerospace & Defense.
- Geography: Spain.
Analysis
Spanish private equity firm Goros Investments has secured a majority stake in Auxitel, a specialist in complex wiring and electromechanical assembly. This strategic acquisition is designed to fuel significant growth for Auxitel, with ambitions to double its operational scale within the next two to three years. The deal underscores Goros Investments' focus on acquiring and scaling mid-market industrial businesses often overlooked by larger venture capital funds.
Auxitel, established in 1988, boasts a diverse client roster that includes industry giants such as Telefónica, Indra, Endesa, Huawei, Schneider, Siemens, Nokia, and Karcher. The company's expertise spans critical sectors including Defense, aerospace, telecommunications, rail, transportation, and energy. Its global reach extends across Europe, the Americas, Africa, the Middle East, and Asia, highlighting its established international presence and robust project pipeline.
In the fiscal year 2025, Auxitel reported revenues of €16 million, with an EBITDA margin in the range of €2-3 million. The company currently employs over 190 professionals. The infusion of capital from Goros Investments is earmarked for expanding its production capabilities and leveraging its recently inaugurated 5,500 square meter facility in Alcalá de Henares, which effectively doubles its previous operational footprint.
The strategic alignment with Goros Investments is expected to provide Auxitel with the necessary resources and strategic guidance to capitalize on favorable market tailwinds. Increased defense spending commitments across European nations, ongoing aerospace development programs, and substantial investments in railway infrastructure modernization are all contributing to a strong demand environment for Auxitel's specialized services. This positions the company for accelerated expansion and market penetration.
Juan de Dios González, the CEO of Auxitel, will continue to lead the company's operations post-acquisition. He will also retain a minority equity position, having reinvested a portion of his proceeds from the transaction, signaling strong confidence in the company's future trajectory under the new ownership structure. This continuity in leadership is crucial for maintaining operational momentum and client relationships.
Goros Investments operates on a deal-by-deal basis, focusing on acquiring stakes in small and medium-sized enterprises. Its existing portfolio includes companies such as Carnes Oliva, Manzer, Rims, WorkOut, and Lady Pipa, demonstrating a diversified investment strategy across various sectors. The partnership with Auxitel represents a significant move within the industrial services and manufacturing segment.