Teknia acquires technology company Xpander

• Xpander is a Spanish company specialising in digital transformation consultancy, proprietary software sales and developments based on blockchain technology

• Teknia integrates the entire Xpander team, which, in addition to providing services to the Group, will maintain its services to third parties as a technology consultant

• This acquisition strengthens Teknia’s capabilities in digitalisation and technological transformation to continue offering the best innovative solutions in the automotive components industry to its customers globally

Madrid, 13 February 2024.- Teknia, a Spanish multinational specialising in the manufacture of metal and plastic components for mobility, has acquired Xpander, a Spanish company specialising in digital transformation consultancy, the sale of proprietary software and developments based on blockchain technology. With this acquisition, the Group seeks to strengthen its capabilities in digitisation and technological.

This acquisition will allow Teknia to fulfil one of the objectives set out in its strategic plan ‘Moving Teknia 2025‘, with which the company seeks to adapt to the new needs of the industry and increasingly increase its technological capabilities to become the preferred manufacturing partner for mobility solutions. Xpander’s experience will strengthen Teknia’s capabilities in industrial digitalisation, data analytics, cybersecurity, development of proprietary applications and even artificial intelligence.

Blockchain technology, key to making processes more efficient

Xpander, founded in 2021 as an extension of the industrial company KH Vives, will continue to provide its expertise as an external consultant to other clients in different sectors. Among its most prominent projects is the Alize platform, which uses blockchain technology to ensure the security and quality of process and supply chain data.

Javier Belarte, Head of Xpander, says: “We are excited to join Teknia and contribute to its leadership in digital transformation in the industry. Being part of Teknia will allow us to continue innovating and offering cutting-edge solutions for the industry, especially in the production of components and products for the automotive sector, which is already one of the industries most impacted by digital transformation.

Javier Quesada de Luis, Managing Director of Teknia, comments: “We welcome Xpander to Teknia convinced that this integration strengthens our technological and industrial digitalisation capabilities. This acquisition makes us stronger to advance in our evolution as a solid group of reference in our sector”.