We are a Portuguese investment holding company, committed to building a diversified portfolio of businesses capable of creating sustainable and long-term growth cycles. We bring together the best talent to make a positive impact on the world, Making it Better!
We are an investment holding company focused on creating long-term value, supported by ambition and innovation. We aim to add value to our portfolio companies, contributing to sustainable growth.
Our portfolio is made up of companies with a great legacy, companies with accelerated growth prospects and also a start-up investment company.
Step by step, we aim to always do better. Stay informed about our latest news regarding events, partnerships, or other initiatives that lead us on a better path.
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Semapa Group’s investment strategy is focused on growth and diversification of its business portfolio, whether through investment in new subsidiaries or by strengthening the competitive position of its existing subsidiaries with new products, presence in new geographies, or the introduction of more efficient technology.
Through its subsidiaries, Semapa Group has progressively consolidated its presence in Spain with the acquisition of innovative, high value-added industrial companies. The most recent acquisitions include Gomà-Camps Consumer in 2023 by The Navigator Company, specialising in the tissue paper sector, and Grupo Barna, acquired in 2025 by ETSA, which operates in the valorisation of fish by-products for animal feed.
In July 2025, Semapa completed the acquisition of 100% of Imedexa, a European leader in the design and manufacture of metal structures for electricity transmission and distribution infrastructure, as well as for other applications across various sectors. This operation marks Semapa’s first direct acquisition of a company headquartered outside Portugal, another step in the Group’s internationalisation and diversification.
Founded in 1979 and headquartered in Cáceres, Spain, Imedexa has three industrial units in Cáceres and Valladolid and stands out for its engineering capability and delivery of large-scale projects, having served more than 250 clients in over 50 countries. Imedexa achieved sales exceeding €100 million in 2024 – a figure that doubled compared to four years ago, reflecting its service to the energy transition sector – with 75% destined for export markets.
The company’s clients include the main European transmission and distribution network operators, who demand high levels of product quality, service and execution, given the criticality of the equipment provided by Imedexa.
Acquired from Spanish private equity fund GPF, Imedexa represents a growth opportunity for Semapa in a strategic country. Ricardo Pires, CEO of Semapa, highlighted his satisfaction “with the first direct acquisition of a subsidiary outside Portugal, a step that represents a clear opportunity for growth and value creation in a strategic country for Semapa. Imedexa is a leading company in Europe in a sector that is fundamental to the energy transition, with great potential and capacity to respond to the electrification and decarbonisation goals of this continent, which are unstoppable realities. With this acquisition, Semapa Group’s total investment in acquisitions in the Spanish market exceeds 250 million euros over the last three years, which represents a significant commitment.”
Javier Sánchez, CEO of Imedexa, also noted that “the company’s consolidated presence in more than 50 countries, combined with integration into Semapa Group, positions us to develop new solutions and pursue a strategic expansion in a sector that is continuously evolving.”
At a time when Europe is adding new renewable generation capacity year after year, and when the exponential growth of sectors such as electric mobility, data centres and industrial electrification demands more robust and intelligent grids, Imedexa positions itself as a partner in critical infrastructure. Industrial know-how, operational agility and long-term vision are strengths recognised by the company’s clients and were decisive in Semapa’s completion of this acquisition.
Semapa’s acquisition of Imedexa comes at a particularly favourable time for the electrical infrastructure sector. According to the World Resources Institute (WRI), global energy investment reached a record value of around €3.1 trillion in 2025. Clean energy (renewables, nuclear, electrical grids, storage and electrification) reached €2.1 trillion. This figure is double the capital invested in fossil fuels, confirming the projections of the International Energy Agency.
To meet the established climate and energy targets, investment in grids will need to increase to around €560 billion annually by 2030, the WRI further notes.
This is a window of opportunity for critical infrastructure suppliers like Imedexa to position themselves in response to growing demand.
Semapa will support Imedexa and its management team in implementing a solid and ambitious growth plan for the coming years, with plans to strengthen its position in key geographies where it has been consolidating its presence for several years, as well as expansion into new geographies.