10.5% Growth recorded by Ayesa, with revenue reaching €717 Million in 2023

The company achieves double-digit revenue growth following key acquisitions and budgetary success.

Project portfolio hits €1.157 billion, the highest in company history.

Ayesa, a global provider of technology and engineering services, reported €717 million in revenue for the end of 2023, marking a 10.5% increase over the previous year. This is the third consecutive year of double-digit growth, cementing Ayesa’s position as one of the top five companies in its sector.

José Luis Manzanares, CEO of Ayesa, noted, “2023 was a year characterized by an intelligent and constructive integration process after we acquired three companies, that resulted in Ayesa doubling in size. Additionally, we met our budget goals, enhanced service quality, and boosted our competitiveness. As a result, we were recognized as the best IT provider in the Spanish market according to the prestigious study by Whitelane and Eraneos.”

Looking ahead, Manzanares forecasted that Ayesa would sustain this positive trend in 2024, with a project portfolio of €1.157 billion, the highest in the company’s history. “In 2024, the new Ayesa will continue to boost business competitiveness through digitalization, provide more efficient systems for public services, and contribute to the advancement of mobility and smart cities.”

Following A&M Capital Europe’s majority investment in 2022 alongside founder José Luis Manzanares Japón, Ayesa embarked on an inorganic growth strategy that culminated in the acquisition of Emergya in April this year. Emergya, known for its expertise in AI, significantly enhances Ayesa’s AI capabilities and establishes it as a pivotal partner for Google in Europe, incorporating 680 specialized professionals into Ayesa’s workforce.

Multiterritorial Strategy

Ayesa’s growth in 2023 is underpinned by multi-geographical diversification with offices in 23 countries. Spain currently accounts for 71% of total revenue, driven mainly by technology services following the integration of Ibermática and M2C.

The international segment accounts for 29%, with engineering services maintaining a high level of external activity at around 77%.

All regions are experiencing positive growth rates. Specifically, Europe (excluding Spain) contributes 7%, Latin America—which has been a growth area for Ayesa over the past two decades—accounts for 15%, and now includes offices in nine countries. The rest of the world, encompassing the USA, Middle East, and Asia (primarily India), contributes 6%. Growth in these regions is largely fueled by new projects, particularly in countries like Saudi Arabia.

Employment

Ayesa, including the acquisition of Emergya now boasts a workforce of 13,200 professionals. The company anticipates setting a new hiring record in 2024 and aims to maintain turnover rates below the industry average as a result of talent management strategies implemented in recent years. These efforts have solidified Ayesa’s reputation as one of Spain’s top workplaces, according to Forbes.

Ayesa also operates programs to support young talent, like Graduate Worldwide, which helps advance international careers. Additionally, the company provides various scholarships to students at top universities worldwide.