Aiuken buys 4Elitech to expand in industrial cybersecurity
What's the deal? Spanish cybersecurity group AiukenDealroom has a profile for this one. Try Dealroom → has acquired 4Elitech, a firm specialising in industrial cybersecurity, for an undisclosed sum. Market sources value the target at around €20 million.
What each company does: Aiuken, founded by Juan Miguel Velasco in 2012, provides cybersecurity services across 12 countries, with strong footprints in Spain, Chile, Saudi Arabia, and Dubai. 4Elitech, founded over a decade ago and controlled by chief executive officer Enrique Polanco, focuses on operational technology (OT), critical infrastructure, and the internet of things (IoT).
The rationale: The deal strengthens Aiuken's position in high-value segments such as industrial cybersecurity and critical infrastructure. 4Elitech brings clients in hospitals, ports, canals, and sectors including energy, utilities, and advanced manufacturing, with its strongest presence in northeastern Spain — Navarre, Aragon, La Rioja, and the Basque Country.
Why now? 4Elitech has grown steadily over the past five years, quadrupling its revenue and building a reputation in protecting industrial systems and networks. Together, Aiuken, 4Elitech, and parent group AllurityDealroom has a profile for this one. Try Dealroom → protect more than 1,000 corporate clients.
The bigger structure: Aiuken was acquired by Swedish fund Trill ImpactDealroom has a profile for this one. Try Dealroom → in 2022 for about €50 million, then folded into Allurity, a multinational built by the fund. Allurity has bought cybersecurity firms across Europe and employs 900 professionals in 18 countries.
The signal: The acquisition reflects continued consolidation in European cybersecurity, as buyers build regional scale around specialist capabilities. For Aiuken, it deepens an independent Iberian offering focused on the industrial and critical-infrastructure niches drawing rising demand.
Read more: expansion.com
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