Mirai Investments has acquired the Basque companies Afesa Medio Ambiente, based in Derio (Bizkaia), and Excavaciones Mendiola, located in Júndiz (Álava).
These two acquisitions mark Mirai’s entry into a new business area: environmental services and the circular economy for heavy industry, the energy sector, and construction. Through this move, Mirai aims to become a leading player in the sector, targeting revenues of nearly €100 million in 2026 and employing around 300 people.
Afesa specializes in demolition, waste management, and soil remediation. In 2025, the company generated revenues of €65 million and employed 190 people. Headquartered in Derio (Bizkaia), it also operates two additional facilities in Lantarón (Álava) and Villanubla (Valladolid). The company serves clients throughout the Iberian Peninsula and the islands, with flagship projects including the ongoing decommissioning of the Sines coal-fired power plant in Portugal. The company was advised by NORGESTION as financial advisor in this transaction
Excavaciones Mendiola, which specializes in excavation, earthmoving, and the management of construction and demolition waste, recorded revenues of €14 million in 2025. The company is based in the Júndiz industrial park in Vitoria-Gasteiz, where it employs 95 people. Its operations are concentrated mainly in the Basque Country and neighboring regions, with major projects including works related to the High-Speed Rail (HSR) network in Burgos and the Basque Country.
The combination of both companies is driven by their strong complementarity. Together, they can offer an integrated service covering the entire lifecycle of industrial, energy, and construction projects across the Iberian Peninsula and the islands, in a market increasingly driven by environmental requirements and the transition toward a circular economy.
It is worth noting that Mirai currently operates three business divisions: electronics under the Ohmnia brand, metals under Innometal, and cosmetics under Labery, as well as investments in sectors such as healthcare and fashion.
About Mirai
Mirai Investments is a family-capital investment and business development platform specializing in investments in SMEs and in building stronger, more competitive, and more sustainable business groups from them over the long term. In recent years, Mirai Investments has completed more than 25 acquisition processes, many of which involved addressing family business succession as a key factor.
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