• This marks the return of the decision-making center of the former Ibermática to the Basque Country. In doing so, Euskadi is committing to a digital leader in a strategic sector for the development of Basque industry, which generates high-knowledge jobs across all three territories.
• The Basque consortium will maintain its confidence in the current management team and is committed to its continuity. The shareholder stability provided by the consortium will help transform Ayesa Digital into an autonomous business, allowing it to continue developing its growth plan, both in its portfolio and its technological capabilities.
• The Basque consortium is acquiring Ayesa’s digital business, which includes the former Ibermática. Since 2022, it has tripled its turnover—now exceeding 569 million euros—and generates an EBITDA of nearly 50 million euros, with more than 11,000 employees, 2,000 of whom are based in the Basque Country.

Donostia/San Sebastián, December 31, 2025.- The consortium—comprising Indar Kartera (Kutxabank’s investment vehicle), BBK Foundation, the Basque Government (via Finkatuz, the investment vehicle of the Basque Institute of Finance), and Teknei (technological partner)—has formalized the acquisition of Ayesa Digital, one of the leading groups in digital services and advanced technological solutions, from A&M Capital Europe and the Manzanares family. The total value of the transaction amounts to 480 million euros. The closing of the deal is expected in the coming months, once approval from the relevant authorities has been obtained. In parallel, the potential inclusion of new partners into the consortium is being considered, such as Vital Fundazioa, which is currently analyzing its participation.

The operation marks the return to the Basque Country of the decision-making center of the former Ibermática, which was lost in 2013. It represents the Basque Country’s commitment to one of the largest technological players in a high-growth strategic sector, such as advanced digital solutions, and opens a new growth cycle to consolidate it as one of the leading digital service providers in Europe. The new group is established with the goal of boosting the digitalization of companies and institutions, developing capabilities in strategic areas such as artificial intelligence, cybersecurity, cloud, or quantum computing—a sector committed to innovation and the creation of skilled, high-knowledge jobs.

The project will ensure employment continuity and open new opportunities for professionals in the technology sector within the Basque Country. With over 2,000 workers in the Basque Country and a consolidated national and international network, the group will focus on attracting highly qualified talent, promoting training in digital skills and the creation of jobs linked to innovation and development. Furthermore, it will strengthen the technological value chain and generate synergies with SMEs and startups within the Basque ecosystem, aiming to bolster the Basque industrial fabric and generate a positive impact on the economy.

Its capabilities allow it to support large organizations throughout the entire digital transformation process, and its client portfolio includes the main companies of the IBEX 35, as well as major public and private entities.

The Basque consortium will maintain its confidence in the current management team—identified as one of the primary assets during negotiations—and is committed to its continuity. José Luis Manzanares, the current CEO of Ayesa Digital, will remain in his position until the transition is complete. The shareholder stability provided by the Basque consortium will help transform Ayesa Digital into an autonomous business as early as 2026, allowing it to continue developing its growth plan for both its portfolio and its technological capabilities.

The Minister of Finance and Finance, Noël d´Anjou, stated that “this acquisition, aimed at ensuring the roots and growth of a leading company in its sector, is yet another example of what the Basque Financial Alliance can achieve by joining our forces”. For his part, the Minister of Industry, Mikel Jauregi, pointed out that “advanced digital solutions is a HAZI (growth) sector within the Industry Plan – Euskadi 2030 and also falls under the ‘Better Industry’ line of action. Our industry needs technological partners with advanced knowledge to accompany them in their digital transformation and make them more competitive”.

José Iturriaga, Managing Director of Indar Kartera, explained that “the new technological group is destined to play a decisive role in the transformation of industry and the development of the new economy. The Ayesa Digital team has succeeded in creating a work and collaboration ecosystem based on proximity to the client, a differentiating value that is essential to preserve. Our support seeks to create new opportunities for talent, strengthen capabilities, and leverage the scale achieved, while maintaining the commitment to our territories and the main technological hubs where it operates”.

For his part, Joseba Lekube, CEO of Teknei, has stated that “digital transformation will open up opportunities for collaboration, and from Teknei, we want to contribute our knowledge of the digital and technological industry to an exciting project for everyone who is part of Ayesa Digital”.

Among the major players in the sector and on a par with large international operators.

The digital business of Ayesa acquired by the Basque consortium also includes the former Ibermática. Ayesa Digital has established itself as one of the leading benchmarks in technological services in Spain—ranking among the top five players in the sector—and stands on a par with major international groups.

Its leadership is built upon a trajectory of growth that integrates emblematic companies such as Ibermática, alongside recent additions like M2C, Proxya, and Emergya—the latter specializing in cloud solutions and artificial intelligence, and recognized as Google’s leading partner in Spain. This combination of capabilities, innovation, and scale positions the new group as a strategic player to lead digital transformation in Europe.

Since 2022, Ayesa Digital has tripled its turnover, which now exceeds 569 million euros, and generates an EBITDA of nearly 50 million euros. In addition to its presence in the Basque Country, the company operates across almost the entire domestic market and maintains a permanent presence in the United Kingdom, the United States, Mexico, Colombia, Peru, and Chile.

JB Capital and Cuatrecasas acted as financial and legal advisors to the Basque consortium, while Deloitte and Barrilero participated in the due diligence process. On the other hand, A&M Capital Europe and Ayesa were advised by Houlihan Lokey as financial advisor, by Pérez-Llorca and Weil, Gotshal & Manges as legal advisors, and by Alvarez & Marsal as operational advisor for the corporate carve-out.

About the Consortium Partners

Indar Kartera, headquartered in Donostia / San Sebastián, is an investment vehicle of Kutxabank that supports the long-term development of leading companies in its region with consolidated business models or those engaged in growth and expansion projects. Its investments are made according to market criteria, investing in companies that are attractive from both a financial and strategic perspective. Through Indar Kartera, Kutxabank fulfills its objective of reinforcing its position as a driving force for the economic and industrial fabric and a generator of employment, by promoting and financing strategic business initiatives.

The BBK Banking Foundation is a private non-profit foundation whose purpose is to promote and support social, cultural, and economic development in Bizkaia and the Basque Country. It holds an increasingly diversified portfolio of stakes in companies across various sectors—most notably its 57% ownership of Kutxabank—and allocates its resources to social and cultural projects, as well as the promotion of the regional economy through the aforementioned investments.

Finkatuz is a public company 100% owned by the Basque Institute of Finance (IVF) and fully funded by the Basque Government. The objective of Finkatuz is to acquire long-term strategic financial stakes in companies within the Basque Country.

Teknei is a leading company in the technology sector, based in the Basque Country, specializing in consultancy, software development, and IT, AI, and BPO solutions. With an estimated turnover of 300 million euros in 2026, it maintains a presence in several cities across Spain, as well as in Mexico and the United States. Thanks to its solid track record in the banking, insurance, and public administration sectors, Teknei has established itself as a benchmark in innovation and the development of solutions to drive its clients’ digital transformation. Its portfolio encompasses projects in Business Automation, Digital Identity, Artificial Intelligence, and data management and exploitation, as well as infrastructure deployment and application modernization.