ESPA Group, part of Industrias Auxiliares GTE Group S.L., has announced the acquisition of Baico Pumps, S.L., a prominent distributor of water pumps and pressure equipment. This operation, which represents a significant step in the company's growth strategy, will comple its product portfolio and increase the presence of its solutions in the more than 100 countries.
ESPA strengthens its product portfolio and global expansion
Industrias Auxiliares GTE Group, which acquired the majority shareholding of ESPA Group in 2022, continues to strengthen its position in the global market through this new acquisition. With the integration of Baico, ESPA Group will not only improve its product offering, but also expand its global customer base. Baico, which currently has an annual turnover of 4 million euros and exports to over 18 countries, will continue to operate under the leadership of Joan Nierga, who, with more than forty years of experience in the sector and twelve years at the helm of Baico, will ensure the continuity and growth of the company.
The integration of Baico represents a unique opportunity for both companies, as it will open new doors to emerging markets, increasing their global competitiveness providing significant added value to their customers and business partners.
