PE Group Buys Majority Stake in P4Q
ALONSOTEGI, SPAIN– A private equity fund has taken a majority position in EMS provider P4Q Electronics.
Talde Private Equity will retain the founding management team, who continue to be shareholders in the company.
The new capital infusion will assist P4Q in its global expansion strategy. It recently opened a plant in Kunshan, China, and plans to expand in Spain and the US as well.
P4Q Electronics designs custom hardware and software for the renewable energy and automotive sectors. Its products are aimed at top-tier customers that operate in sectors with high technical requirements like the solar, automotive and rail sectors and others in the industrial area. It has annual revenues of about 41 million euros ($47 million).
“In this new stage that begins with the incorporation of Talde in its shareholder structure, it is intended to consolidate the company’s leadership in the solar sector through the increase in its productive capacity and the update of its production facilities in Alonsótegi, and to boost its development in other businesses with important growth perspectives as, for instance, the automotive sector,” the company said.
Talde focuses on helping private Spanish small to medium-sized enterprises grow through international expansion or market consolidation.
