Unlocking the future of Industry 5.0

Headquartered in San Sebastian, Spain, Smarttech is a leading provider of integrated and customisable software solutions for industrial manufacturing processes through its proprietary solutions as well as third-party software. The company has a strong track record serving a +4,000-customer base of medium and large industrial and manufacturing businesses.

This non-core carve-out is part of Ayesa’s strategy to consolidate its position as Spain’s leading IT services company, with a focus on large corporate and public sector clients. Ayesa will continue reinforcing its technology services and capacities organically and through M&A, as per its recent acquisition of Emergya, advised by GP Bullhound, which specialises in AI and is one of Google’s leading partners in Spain.

Rafael Fernández, Senior Chief Investment Officer at Ayesa, commented: “This has been a complex transaction across all fronts. GP Bullhound’s team has been THE key success factor to make this happen. They brought to Smarttech two tier 1 investors, Kartesia & GTO Partners, which will take Smarttech to the next level on its path to lead the market of software solutions for industrial and manufacturing processes”.

Claudio Alvarez, Partner, and Miguel Kindelán, Managing Director, at GP Bullhound commented: “It has been a pleasure to advise Smarttech and its shareholders Ayesa and A&M Capital Europe on this transaction. The partnership with Kartesia & GTO Partners will empower Smart to consolidate this leadership position in Southern Europe and capitalise on the growth occurring in broader Europe”.

This successful transaction further cements GP Bullhound’s expertise as a leading advisor in the industrial software space, following recent completed transactions such as Abaco Group on its acquisition by IBF Servizi or One Click LCA on its investment by PSG and Infravia. It also underlines GP Bullhound’s growing momentum in Spain, following recent transactions completed for clients such as Emergya (sold to Ayesa), Miura Partners (investment into Wikiloc), Netrivals (sold to Lengow, back by Marlin Equity Partners) and Busuu (sold to Chegg).

For Enquiries, please contact:
Claudio Alvarez, Partner, at claudio.alvarez@gpbullhound.com
Miguel Kindelán, Managing Director, at miguel.kindelan@gpbullhound.com
Jaime Sendagorta, Director, at jaime.sendagorta@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, with offices in London, Menlo Park, and across 12 locations in Europe and the U.S., GP Bullhound delivers world-class advice to innovators and investors globally. For more information, visit www.gpbullhound.com