Ayesa grows by 10.5% and reaches 717 million euros turnover in 2023

The company increased revenues by double digits in a year of integration of acquired companies and achievement of budgets.

The project portfolio reaches 1,157 million, the highest figure in the company’s history.

Ayesa, a global provider of technology and engineering services, achieved a turnover of 717 million euros at the end of 2023, 10.5% more than the previous year. This is the third consecutive year of double-digit growth, consolidating the firm as one of the five largest companies in its sector.

Jose Luis Manzanares, CEO of Ayesa, highlights that “2023 has been a year marked by the intelligent and constructive integration process, executed after the acquisition of three companies with which we more than doubled in size. But, in addition, we have also been able to achieve the budgets set and raise the quality of service and our competitiveness, which has made us the best IT provider in the Spanish market according to the prestigious study by Whitelane and Eraneos”.

In this line, he adds that the forecast for 2024 is to continue this positive trend, with a project portfolio of 1,157 million, the highest in the company’s history: “In 2024, this new Ayesa will continue to contribute to increasing the competitiveness of companies through their digitisation and the improvement of public services with more efficient systems, as well as the future of mobility and cities”.

Regarding the inorganic growth strategy – launched after the majority investment of A&M Capital Europe in 2022 together with founder José Luis Manzanares Japón – it is worth noting that in April this year the firm has executed the acquisition of Emergya, to strengthen its capabilities in AI and position itself as one of Google’s main partners in Europe. This company provides 680 specialised professionals.

Multi-territory strategy

Ayesa’s evolution in 2023 is based on a multi-territorial management strategy with offices in 23 countries. Spain currently represents 71% of the total, driven mainly by technology services following the integration of Ibermática and M2C.

Meanwhile, the international area is 29%, although in services such as engineering, the proportion of foreign activity remains very high at around 77%.

All regions contributed positive rates. Europe (excluding Spain) accounts for 7%; Latin America – where Ayesa has been expanding for two decades and now has headquarters in nine countries – 16%; and the rest of the world, which includes the USA, the Middle East and Asia (mainly India), accounts for 6% of the total. Although the presence in the latter regions is lower, the growth in the contracted portfolio is largely driven by new projects in countries such as Saudi Arabia.

Employment

To date -including Emergya- Ayesa has increased its workforce to 13,200 professionals. The forecast is to register a new hiring record in 2024 and maintain turnover figures below the sector average, thanks to the talent management policies implemented in recent years. These measures have led it to become one of the best companies to work for in Spain according to Forbes.

Ayesa has programmes dedicated to promoting young talent, such as Graduate Worldwide, which seeks to promote international careers. It also has a wide range of scholarships available to leading universities around the world.