Quadrante Acquires Inprocess for Digital Twin Expansion

Quadrante, the Portuguese engineering powerhouse backed by Spanish private equity firm Henko Partners, has significantly expanded its digital twin and process simulation expertise through the acquisition of Inprocess Technology and Consulting Group. This strategic move enhances Quadrante's service offerings, particularly within the complex energy sector.

Inprocess, headquartered in Barcelona, brings a robust portfolio of solutions for critical industries such as oil and gas, refining, petrochemicals, and emerging areas like green hydrogen and carbon capture. The company's established global footprint includes operations in the United States, Malaysia, Brazil, and India, serving a prestigious roster of multinational clients including energy giants like ExxonMobil, Chevron, BP, ENI, and Repsol. Inprocess concluded its last fiscal year with revenues surpassing €15 million and a dedicated team of 165 professionals.

This integration propels the combined Quadrante group to annual revenues exceeding €140 million and a workforce of over 1,500 experts. This achievement solidifies its standing as Portugal's largest engineering firm and a prominent player across the Iberian Peninsula. The acquisition aligns with Henko Partners' broader strategy of driving inorganic growth for its portfolio companies, following their previous support for Quadrante's acquisition of Meta Ingenierias.

A key aspect of the deal involves the reinvestment of Inprocess's founding shareholders into Quadrante's ownership structure. This ensures continued alignment and commitment to the group's strategic objectives. Importantly, Inprocess will operate under a stand-alone model, preserving its brand identity, headquarters in Barcelona, and its existing leadership team, spearheaded by CEO Oriol Millan.

The digital twin market, a core focus for the newly combined entity, is experiencing substantial growth. Driven by the need for operational efficiency, predictive maintenance, and enhanced safety in industrial processes, the global digital twin market is projected to reach tens of billions of dollars in the coming years. Inprocess's specialized technology is well-positioned to capitalize on this trend, offering advanced simulation and modeling capabilities that are increasingly vital for energy companies navigating decarbonization and operational optimization.

This transaction underscores the trend of consolidation within the engineering and consulting services sector, as firms seek to broaden their technological capabilities and geographic reach. By integrating Inprocess's niche expertise, Quadrante is better equipped to offer end-to-end solutions, from initial design to ongoing operational support, leveraging digital twins for enhanced performance and sustainability across the energy value chain.

Advisory services for the transaction were provided by Deloitte and Garrigues, highlighting the significant professional support involved in this strategic integration.