Mutares has agreed to acquire Fuentes, a Spanish logistics operator specializing in temperature-controlled transport, to strengthen its Goods & Services segment and capitalize on the growing logistics market in Spain.

Target Information

Mutares has reached an agreement to acquire Fuentes, a Spanish logistics operator, from Lineage Group. This acquisition marks a significant expansion of Mutares' Goods & Services segment through the addition of a new platform investment. Fuentes, headquartered in Murcia—one of Europe’s prominent agricultural centers—specializes in temperature-controlled logistics with a key focus on fresh produce including fruits and vegetables.

The company provides comprehensive logistics services encompassing national, international, and last-mile transport across the entire food supply chain. Fuentes is projected to achieve €200 million in revenue by 2025, underscoring its robust market presence. With a fleet exceeding 480 trucks and 540 trailers, Fuentes is well-equipped to handle logistics demands, supported by an extensive subcontractor network comprising over 3,000 partners. Employing around 850 staff members, the firm also operates facilities across various locations in Spain and maintains an international hub in Vlissingen, the Netherlands.

Industry Overview in Spain

The logistics sector in Spain has undergone significant transformations driven by the rise in e-commerce and increasing consumer expectations for swift delivery services. As a result, the demand for temperature-controlled logistics has escalated, particularly for fresh