Mirai Investments has acquired Reco, a Biscay-based company specialising in chemical and electroplating surface treatments and metal finishing for the electrical equipment industry. Reco will become part of Innometal, Mirai's metal transformation and finishing division, whose shareholders include Mirai, the Basque Institute of Finance (IVF), Fundación Vital and the family office of Irene Carmen Lequerica.
With more than 40 years of experience and headquartered in Barakaldo (Biscay), Reco employs 60 people and generated close to €14 million in revenue in 2025. Operating from facilities spanning more than 5,000 square metres, the company has developed a comprehensive portfolio of surface treatment services, including tin plating, silver plating, copper plating, nickel plating, chrome plating and zinc plating, enabling it to serve a wide range of industrial applications across the electrical equipment, automotive and manufacturing sectors.
Reco's capabilities cover the full spectrum of industrial demand, from prototyping and small production runs to high-volume manufacturing, while maintaining the highest quality standards. Supported by highly automated and digitalised production lines, this versatility enables the company to accompany customers throughout the entire development and manufacturing lifecycle of their components.
Innometal
For Mirai, the acquisition of Reco represents a strategic milestone in expanding its industrial services platform. By adding advanced surface finishing capabilities, Innometal strengthens its value proposition to industrial customers, creates new synergies with its existing portfolio companies—particularly in the manufacturing of metal components for the electrical industry—and further consolidates its presence within the Basque industrial ecosystem as a provider of high-value-added industrial solutions.
Innometal is Mirai's largest industrial platform, employing more than 700 people, generating approximately €120 million in annual revenue, and operating across 15 industrial facilities.
Beyond Innometal, Mirai also operates Ohmnia, its electronics division, and Labery, its cosmetics platform. The group has also launched a new business area focused on environmental services and the circular economy, while maintaining investments in the healthcare and fashion sectors.
About Mirai
Mirai Investments is a family-owned investment and business development group focused on investing in SMEs and building stronger, more competitive and sustainable businesses through strategic acquisitions and long-term development. Over the past few years, Mirai has completed more than 25 acquisitions, many of which involved supporting family-owned businesses through succession processes.
About Finkatuz (IVF)
Finkatuz is the Basque Government's public investment fund, managed by the Basque Institute of Finance (IVF). It was created to acquire long-term equity stakes in strategically important companies based in the Basque Country.
Its primary objective is to preserve local ownership and decision-making centres within the region, preventing the relocation of corporate headquarters and shareholding control, while reinforcing the role of these companies as key drivers of the Basque industrial economy.
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