Waterland Private Equity (“Waterland”) has entered into a definitive agreement to acquire a majority stake in INCOSA, a leading Engineering Consulting services firm with expertise in diverse sectors including energy, infrastructure, building and environmental management. This strategic partnership aims to accelerate INCOSA’s growth by combining Waterland’s proven expertise in supporting dynamic businesses with INCOSA’s track record of delivering best-in-class solutions.
Under the terms of the agreement, Waterland will partner with INCOSA’s current shareholder and existing top management team, who will continue to lead day-to-day operations and retain a significant stake in the business. The investment will enable INCOSA to expand its service offering, enhance its technical capabilities, and broaden its existing footprint.
Driving innovation and growth in engineering services
Founded in 1985, INCOSA has established itself as a trusted partner for clients in both the public and private sectors. With a strong commitment to innovation and excellence, INCOSA delivers a wide range of engineering services, including project management, design, quality control and testing. This new partnership with Waterland underscores INCOSA’s steadfast dedication to serving clients with cutting-edge solutions while capitalizing on market opportunities.
A shared vision for expansion“This partnership with Waterland opens a new chapter for INCOSA,” said Javier Cid, CEO of INCOSA. “Waterland’s strategic insights, operational expertise, and commitment to sustainable growth align perfectly with our vision. We are excited to harness their support to expand our portfolio of services, deepen client relationships, and explore new market opportunities—while preserving the core values that have fuelled our success.”
David Torralba, Partner at Waterland, is enthusiastic about the acquisition: “We are delighted to welcome INCOSA into the Waterland portfolio” he said. “INCOSA has built an outstanding reputation over the past years by providing high-quality and reliable engineering solutions in attractive market segments such as energy or environmental management. Through our combined resources, we look forward to supporting INCOSA’s organic and inorganic expansion and strengthening its competitive edge in key markets.”
Future outlook
Waterland’s investment in INCOSA exemplifies its ongoing strategy of partnering with robust, growth-focused businesses in growing markets such as energy or environmental management. INCOSA’s innovative approach to engineering services, combined with Waterland’s capital and operational backing, positions the Company for long-term success and continued market leadership.
About INCOSA
Founded in 1985, INCOSA is a Spain-based Engineering Consulting services firm offering a comprehensive range of services, including project management, design, inspection, quality control and testing in segments such as energy, infrastructure, building and environmental management. With a commitment to excellence, innovation, and customer satisfaction, INCOSA has established itself as a trusted partner to clients in the public and private sectors. For more information, please visit www.incosa.es.