Aicox and Senda build €400M Spanish defence-tech group with Atika deal
What's the deal? Aicox SolutionsDealroom has a profile for this one. Try Dealroom → and Senda Investment Partners have acquired Atika Technologies, a Spanish company specialising in private 5G networks and connectivity solutions. The terms were not disclosed. The deal anchors a plan to build a Spanish industrial group focused on military communications, electronic warfare, and advanced technologies.
What's the endgame? The new platform is valued at roughly €400 million. Its backers expect combined revenue of €110 million and EBITDA above €30 million.
What does Atika bring? Atika adds next-generation connectivity and deployable solutions for varied operational settings. Its main shareholders are Rafael Argudo García de Lago and Guillermo Cervera de la Hera, and it holds a technology alliance with TelefónicaDealroom has a profile for this one. Try Dealroom →.
Why now? The acquisition coincides with Senda Investment Partners' investment of up to €300 million in Aicox, owned by the Laborda family. The fund, led by Víctor García and Javier Olascoaga, is backing the company's industrial and technological expansion.
What's the expansion? Part of that plan is the construction of two new plants in the Madrid region, due to start operating from 2027. They are intended to boost production and innovation in critical communications, next-generation private networks, and electronic warfare.
Who advised? Cabal Capital acted as financial adviser to Atika and coordinated the deal structure. Bores y Cía Abogados, GarriguesDealroom has a profile for this one. Try Dealroom →, and Pérez-LlorcaDealroom has a profile for this one. Try Dealroom → handled legal and institutional advice, while KPMGDealroom has a profile for this one. Try Dealroom → and PwCDealroom has a profile for this one. Try Dealroom → ran the financial review and due diligence.
The signal: European defence and critical-communications spending is drawing fresh private capital, and Spanish backers are consolidating smaller specialists into larger platforms. The Atika deal shows investors betting that electronic warfare and private 5G will become core to military-grade connectivity.
Read more: capital-riesgo.es
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