Quadrante expands operations with the strategic acquisition of Spain’s Meta Engineering

19 Sep' 24

Quadrante, a Portuguese multidisciplinary consultancy firm specialising in engineering, architecture, digital solutions, environment, and sustainability, has announced the strategic integration of Meta Engineering, a leading Spanish group in consultancy services, sustainable mobility, and renewable energy production. This acquisition marks a significant milestone in the sector, combining and enhancing the capabilities of both companies to form one of the leading engineering groups in the Iberian Peninsula.

The merger, which also includes renewable energy company Izharia (integrated into Meta Engineering since 2022), reflects the shared ambition of both firms to expand their international presence and consolidate their technical capacity to take on major projects across Europe, the United States, Africa, and Latin America. With this integration, the new group is set to achieve a turnover exceeding €100 million in 2024 and employ around 1,100 people across its main offices located in Lisbon, Porto, Barcelona, São Paulo, and Mexico City.

The new Group’s CEO will be Nuno Costa, currently CEO of Quadrante, leading a management team comprised of executives from both companies. Enric Font, the current CEO of Meta Engineering, will become a shareholder in the new group and continue his executive role within Meta. This structure ensures solid governance, integrating the expertise and vision of executives from both entities.

The merger between Quadrante and Meta will not only double the current size of the group but also significantly enhance its technical and geographical capabilities. The group will offer clients an even broader range of high-quality services, with increased flexibility and the ability to handle large-scale, complex projects.

Additionally, this integration opens new opportunities for employees of both companies, providing faster career progression, the chance to develop international careers, and the opportunity to contribute to infrastructure projects that will help build a more sustainable world.

The transaction, advised by Deloitte and Bird&Bird on behalf of the buyers (Henko Partners and Quadrante) and by JB Capital Markets, KPMG, and Cuatrecasas on behalf of Meta Engineering’s shareholders, is expected to be finalised in October, once all necessary conditions typical in these operations have been met.

“The union of forces between Quadrante and Meta represents a substantial enhancement of skills and a geographical complementarity that positions us as one of the leading Iberian players in the sector. In a time of global economic transformation, this partnership strengthens our international expansion strategy and our commitment to sustainability across the various sectors and markets we serve,” said Nuno Costa, CEO of Quadrante Group.

“The strategic alliance between Meta Engineering and Quadrante significantly increases our international footprint, expanding our presence to 23 countries, enabling us to become a reference in sustainable mobility and energy. Together, we will not only reinforce our presence in key markets but also gain scale, technical expertise, and operational capacity to take on larger projects and pursue new acquisitions,” added Enric Font, CEO of Meta Engineering.

With energy transition, sustainable mobility, and smart cities at the forefront, the new group will play a critical role in meeting the United Nations’ Sustainable Development Goals, which call for a profound transformation of existing infrastructures.