In February of 2024, the acquisition of the majority stake in Monolitic by the spanish industrial and infrastructure solutions provider Becolve Digital was closed. Baker Tilly Corporate Finance advised the Becolve team on this transaction.
The integration of Monolitic and Becolve Digital allows them to become a one stop shop for its customer in terms of hardware and software solutions by consolidating its position as a provider of solutions for the industrial and infrastructure market.
Both companies will maintain their independent organizational structure and headquarters and offices in Barcelona, Madrid, Bilbao, Valencia and Lisbon.
Monolitic is based in Badalona (Barcelona, Spain) and was founded in 1973. It’s a technology partner specializing in connected hardware solutions, with over 40 years of experience in the Spanish industrial market. They offer IoT solutions, including Edge solutions based on LoRaWAN® technology for sensor and actuator integration, as well as custom industrial hardware development and design. Additionally, they supply a wide range of electronic components for energy conversion and sensing.
Based in Barcelona (Spain), Becolve is an industrial and infrastructure solutions provider founded more than 40 years ago. The company has specialized in Industry 4.0, data management, digital transformation and high availability for sector like food and beverage, pharma, aviation, logistics and airports among others.
They are the leader partner of Wonderware and Aveva solutions in Iberia providing technological solutions and innovating for more efficient and sustainable production of their clients plus a new level of efficiency in infrastructure management.
"This new alliance allows us to further expand our capabilities and technologies and further strengthen our commitment to the digital transformation of industry and infrastructure management. Becolve Digital opens a new stage of growth and expansion in which Monolitic will be a key player.”Jordi Rey, Managing Director of Becolve Digital.
Baker Tilly has advised Becolve in negotiations with Monolitic’s management. Diego Gutiérrez, partner specialized in the tech sector, has led the team. Baker Tilly Corporate Finance has a team specialized in Tech M&A and has consistently ranked in the Top 10 in the global M&A market.
Baker Tilly International's corporate finance services include advising on cross-border transactions for clients doing business in multiple locations. Baker Tilly's network spans more than 145 territories, with over 41,000 people working in more than 700 offices.
Baker Tilly International is an international network of professional business services specialising in advisory, consulting, audit, tax, legal, accounting, labour and management services for SMEs and multinational companies.
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