Montronic and Waterland enter into a growth partnership
Waterland announces its investment in Montronic to build jointly Spain’s leading electronic manufacturing services (EMS) group by means of a selective buy-and-build strategy.
Founded in 1997 and based in Vic, Montronic is an EMS provider with a team of more than 90 professionals. It is focused on the high-mix/low-volume segment of the EMS market, providing advanced solutions for multiple industries including diversified industrial goods, renewable energy, healthcare, power electronics, lighting and e-mobility amongst others. Montronic carries out the design, prototyping (Design for Manufacturing and Design for Testing), manufacturing (state-of-the-art Surface-Mount-Technology and Through-Hole-Technology), testing (In-Circuit Test and Functional Circuit Test), quality control (X-Ray, 3D AOI, etc) and mechatronic assembly, as well as the procurement management of the electronic components.
The alliance with Waterland will support Montronic’s ambition to accelerate its growth trajectory organically and inorganically via targeted acquisitions, strengthening its product offering capabilities and expanding its geographical presence to consolidate Montronic’s preeminent position as the leading player in the Spanish EMS sector.
“In Waterland we have found a partner that is highly complementary and committed and shares our long-term vision and corporate culture; it brings an entrepreneurial mindset, collaborative spirit and extensive track record supporting local business owners achieve their growth targets. Its experience with buy-and-build strategies and deep knowledge of the European EMS sector make it the ideal partner for our ambitious and exciting journey ahead”, said David Ortega, CEO and shareholder of Montronic.
David Torralba, partner at Waterland and head of the firm’s Spanish team, said that “Montronic has attained unrivalled standards of quality, advanced technological and technical capabilities and long-term, trust-based relationships with its suppliers and customers”. “We are delighted to help them build on this solid base and their successful business formula to achieve their full growth potential”, he added.