Mirai Investments has acquired the company Tecro Spaces, located in La Rioja and specialising in modular metal solutions designed to maximise the use of space, in both domestic and industrial environments.
This family-run company is located in Villalobar, La Rioja, and has a turnover of 8 million euros and a workforce of 25 people. Dedicated to the design of metal structural solutions for best use of space, Tecro Spaces began in 1999 as the personal initiative of two brothers who, 25 years ago, came across a telescopic model for installing mezzanines that they quickly patented and that would be the key to the success of a small company with a solid track record.
Initially, Tecro Spaces grew designing and installing mezzanines for the industry, although its definitive success has been in urban settings, where it leads the residential market for modular mezzanines, being able to double the space in both industrial premises and domestic environments (garages, bedrooms, offices, etc.); its performance is backed by quality materials and a specialised professional team.
Installations by Tecro Spaces.
The integration of Tecro Spaces into the Mirai industrial corporation is a step forward in its growth and international development projects. Thus, the company from La Rioja will achieve its goal of continuing to grow in Europe, the United States and Asia.
For Mirai, this acquisition is a commitment to the development of quality in-house products, in addition to diversifying in terms of markets and sales channels. Mirai will reinforce the growth of Tecro Spaces in the years to come, with its commercial experience and ability to develop new products and uses for them.
Tecro is joining Mirai’s metal business unit, Innometal Group, a leading industrial group in metal manufacture and installation solutions made up of 8 companies, more than 650 people and a turnover of over 100 million euros.
About Mirai Investments
Mirai Investments is a family-owned investment and business development project specialising in investment in SMEs and using them to create business entities that are more robust, competitive and sustainable in the long term. In recent years Mirai Investments has conducted various acquisition processes in which managing succession within family-run businesses was a key factor, along with the confidence of the outgoing owners in the experience, resources and attitudes of the Mirai Investments team, for the transition agreement to be a success.
With its head office in Bilbao, Mirai Investments has invested in around 20 companies and businesses since late 2019. The set of companies in which Mirai Investments currently holds an interest are estimated to close 2024 with an aggregate turnover of more than 200 million euros, distributed through four sectors of activity (metal processing, industrial electronics, animal health and welfare, and agribusiness) providing jobs for around 1,000 people.
