the tech company Arquimea has purchased the entire company Ibérica del Espacio (IberEspacio) from Técnicas Reunidas. IberEspacio is a company that specializes in the development of products dedicated to thermal control, as well as the manufacture of engineering solutions for space. The operation, in which Arquimea has invested 19 million euros, reinforces this company as a benchmark in the sector of products and technologies for space.
In addition, it completes its development and production capacities to cover the demand for satellites, systems and components for use in space. With regard to the aerospace sector in Spain, the operation strengthens and enhances Spain’s capacity in the space sector, which has a high technological and strategic value, and which has very high growth in the coming years.
IberEspacio has extensive experience in the space sector, and is specialized in engineering solutions for satellites and spacecraft. Also in the design and production of specific hardware for heat and temperature control. It has more than a hundred employees and the necessary facilities to manufacture and integrate satellite systems. These have about 10,000 square meters and are located in Torrejón de Ardoz.
IberEspacio’s experience in the space sector is extensive, as evidenced by the 53 missions in space in which it has participated to date. In them it has launched more than 990 units, and is currently in progress to do the same with another 1,357. Its activity, as indicated in the statement confirming the operation, complements that of Arquimea.
This company is currently the main shareholder and industrial partner of BeetleSat, for which, among other things, it manufactures satellites. BeetleSat is a new telecommunications constellation for which Arquimea will manufacture more than 200 satellites in the coming years. From now on, it will build these satellites in the facilities that IberEspacio has.
Miguel Paradinas, CEO of Técnicas Reunidas and President of IberEspaciopoints out that they believe that «Técnicas Reunidas has completed its period at IberEspacio, taking it to its current dimension and we are sure that, with the entry of Arquimea, IberEspacio will have new opportunities for growth. On the other hand, at Técnicas Reunidas we focus on our main activities to continue consolidating ourselves as leaders in engineering and construction within the energy sector and respond to the current challenge of contributing to the energy transition and decarbonization at a global level.”.
The President of Arquimea, Diego Fernández Infantehas highlighted that “The acquisition of IberEspacio allows Arquimea to complete our capabilities and range of products and positions us among the leading companies in the space sector globally, capable of serving the growing market demand driven by New Space, the new space agencies and the increase in the number of scientific and commercial missions«.
