Spanish multinational Amara NZero announces acquisition of Cavycar

A Amara NZero, together with ProA Capital, announced that acquired the Cavycar, specialized in providing components and services for the wind energy market.

With this acquisition, the distributor hopes to reach the turnover of around 800 million euros still in 2022, with organic growth of 94%.

“We seek to add capabilities and reinforce know-how in wind energy. We thus enter the 'first link in the value chain of wind turbine manufacturing' and expand our offer, something that will boost our activity in this sector in Spain, Brazil, Mexico, the United States and Asia”, said Pablo Arnús, president of Amara NZero.

Along these lines, the Spanish multinational stated that Cavycar will additionally contribute 15 million euros of inorganic growth, in accordance with the company's forecasts.

Cavycar has among its customers manufacturers of wind turbines worldwide, to which it supplies materials for the manufacture and assembly of the machines, except for large components.

“We will continue to operate as an independent company and the executive director and still minority shareholder, Guillermo Beltrán, with 25 years of experience in the industrial and wind sector, will remain in charge of the company”, reported Gonzalo Errejó, CEO of Amara NZero.

“Our entire team will also continue in their current responsibilities, so that customers continue to receive the same level of service as before, being able to expand services and capabilities thanks to the entry of Amara NZero”, concluded the executive.

About Amara NZero

The Amara NZero, which has comprehensive experience in sustainable energy, is committed to the energy transition. It focuses its activity on three main axes: decarbonization, electrification and energy efficiency/digitization.

“We offer customers a complete solution for their projects, accompanying them throughout the process and adding value at each link in the supply chain,” said the company, which has more than 1,500 employees and is present in seven countries: Spain, Portugal, Italy, Brazil, Mexico, United States and China.