ARQUIMEA Group acquires 100% of tech company EXPACE, specialized in the development of electronic equipment and systems for defense and security
EXPACE increases its resources and capabilities to expand its product portfolio and presence in the international market.
ARQUIMEA Group has acquired the 100 % of EXPACE on board systems S.L. (EXPACE). It was born in 2008 as the result of a joint venture between ARQUIMEA and MAXAM industrial group. With this operation, ARQUIMEA Group wants to enhance the company’s capabilities based on developing innovative solutions that respond to the demand and needs of its business sectors.
Since 2008, EXPACE has specialized in developing telecommunications, electronics and software systems. Throughout these years, it has been increasing its areas of activity, from the defense and security sector to other markets such as mining, airports or critical infrastructure security. Its main products include its information systems and electronic pointing devices, RPAs for military and civilian use, as well as security and control systems for several applications, such as monitoring and geolocation in underground and undergorund environments.
EXPACE will be integrated into ARQUIMEA Group’s Defense and Security business area, enhancing the group’s capabilities in a highly demanding sector in terms of its technical, quality and security requirements. At the same time the company takes part of a team that shares the common vision of contributing high value solutions through technology and innovation.
So far this year, ARQUIMEA Group has integrated two other new companies, RAMEM, specialized in engineering and manufacturing high-quality mechanical and electromechanical equipment for sectors such as the aeronautical, defense, space, science or goods industry of equipment and AMERICA Instalaciones, a company from Alicante that provides engineering services for large intelligent structures and is an expert in the assembly and maintenance of electrical systems in the railway sector worldwide. With these additions, the group continued with its growth and diversification plan, thus strengthening its offer of solutions in its areas of activity that have high levels of quality and where innovation and technology are key.
In these 15 years, ARQUIMEA Goup has grown in activities, products and services, reaching a turnover of 36 million euros in the last fiscal year, with a staff of 251 professionals. This growth has been possible thanks to the generation, development and transfer of ideas within the Group companies, as well as the incorporation of other projects and companies with the same objectives and global future vision.
It is a technological company specialized in equipment and systems engineering for the defense and security, mining and industrial infrastructure markets.
EXPACE focuses its main activity on the development of products and systems for the Defense and Security sectors, where reliable technology is key both for the security and protection of the troops and for the greater efficiency of the operations carried out. It has also developed specific systems for the mining industry and other critical infrastructures that require high security standards.