Mutares SE & Co. KGaA has signed an agreement to acquire Nervión Industries, enhancing its Goods & Services segment and strengthening its position in the Iberian industrial services market.

Target Information

Nervión Industries, Engineering and Services, S.L.U. ("Nervión"), founded in 1956, is a prominent Iberian provider of industrial services with extensive experience in servicing Tier-1 clients across various end markets, including oil and gas, industrial sectors, and energy. The company has developed a strong reputation by consolidating a wide array of activities, primarily focusing on industrial maintenance and assembly. Additionally, Nervión is active in key areas such as photovoltaic plant construction, tank building and assembly, and air purification solutions.

With a consolidated revenue of approximately EUR 200 million in the 2023 fiscal year, Nervión is well-positioned for future growth, backed by a robust commercial network and a proven track record of delivering exceptional results for its clients. The completion of the transaction is anticipated in the first quarter of 2025, pending standard antitrust reviews and bank approvals.

Industry Overview in Spain

The industrial services sector in Spain has shown resilience and growth potential, driven by increased investment in infrastructure and energy projects. The increasing demand for maintenance and support services across various industries, particularly