Namirial buys Spain's ZeroComa to deepen Iberian push past €270M revenue
What's the deal? Namirial, one of Europe's largest providers of digital transaction certification, has acquired Spanish firm ZeroComa for an undisclosed sum. The Madrid-based target builds software for managing electronic notifications from public authorities, digital invoicing, and tax communications, serving over 650 clients.
Why now? Spain is introducing legislation that requires digitised tax-compliance procedures and mandatory electronic invoicing. The deal strengthens the Italian group's foothold in the Iberian market as that demand builds, though Spain's rollout dates have been shifting.
What's the endgame? Namirial wants to be Europe's leader in certification, betting that multinational clients prefer a single integrated provider across fragmented national markets. ZeroComa is a focused bolt-on that adds adjacent e-notification and tax-compliance capabilities.
ZeroComa's turnover is estimated at €4 million to €5 million, Spanish press reports. Managing directors Álvaro and Alejandro Allende will stay on and take a stake in Namirial.
The numbers: Namirial posted €270 million in revenue in 2025, up from around €50 million in 2020, and aims to top €300 million in 2026. It employs over 1,400 people across more than 90 countries. In 2025, Bain CapitalDealroom has a profile for this one. Try Dealroom → took the majority stake from the Ambienta fundDealroom has a profile for this one. Try Dealroom → at an estimated €1.1 billion valuation — an eight-fold jump from 2020.
Context: The ZeroComa deal follows Namirial's 2025 combination with Spain-based Signaturit, which expanded its presence in Spain, France, and Germany. "Given the complexity of the various national markets, clients operating in many countries prefer an integrated certification provider," says chief executive Massimiliano Pellegrini.
The signal: Italian firms moved early on certification technology, and as European rules converge, that head start is paying off — two Italian players, Namirial and Tinexta's Digital Trust unitDealroom has a profile for this one. Try Dealroom →, rank among the sector's top three. Expect more small, local acquisitions as the biggest platforms race to lock in customers ahead of mandatory e-invoicing across the continent.
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Image credit: Amio Cajander.
