Artá Capital buys majority stake in €40M Spanish grid supplier Pinazo
What's the deal? Artá Capital has agreed to acquire a majority stake in Talleres Electromecánicos L. PinazoDealroom has a profile for this one. Try Dealroom →, a Spanish maker of low-voltage electrical enclosures and cabinets. The deal value was undisclosed. Founders Laureano Pinazo and José Luis Pinazo will keep a significant stake and continue to lead the company.
What each side brings: Founded in 1964 and based in Algete, Madrid, Pinazo designs and assembles protection, metering, and power distribution equipment. In 2025 it posted revenues of about €40 million, growing at a roughly 12% compound annual rate over the past six years. Its main clients are Spanish electricity distributors and leading electrical equipment distributors.
Why now? Spanish utilities are preparing major grid infrastructure investment plans. Artá Capital says it will give Pinazo the resources to follow its clients through that investment cycle.
What's the endgame? Artá plans to strengthen Pinazo's product development and expand its international commercial activity, both organically and through acquisitions. Pinazo runs its production from facilities of more than 15,000sqm, with a workforce of over 150 employees.
This is the sixth investment from Artá Capital Fund IIIDealroom has a profile for this one. Try Dealroom →, which closed in November 2024 at €400 million. The Iberia-focused growth fund has invested over €1 billion across 26 companies since 2008, plus more than 65 add-on acquisitions.
The signal: As European utilities ramp up grid spending, private equity is backing the suppliers positioned to serve that demand. Pinazo's certified portfolio and decades-long ties with Spanish distributors make it a steady bet on grid modernisation.
Read more: capital-riesgo.es
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