Wind turbine company Gamesa acquired a 20% stake in Spain-based technology firm N2S on Wednesday through its corporate venturing fund, Gamesa Venture Capital. The amount paid by Gamesa was not disclosed. The investment is Gamesa Venture Capital’s third since the €50m ($71m) fund was launched in May last year, following its purchase of a 28.7% stake in sustainable energy company SkyBuilt Power for $5m and 25% of solar energy company WorldWater & Solar Technologies. Founded in 2006, N2S outfits buildings with intelligent systems that improve data transmission and manage energy more efficiently. The company also constructs charging stations for electric vehicles, which can be controlled from any computer, tablet or smartphone. David Mesonero, director of Gamesa Venture Capital, said: “The stake in N2S represents a major step forward in the Gamesa Venture Capital project, because it enhances our skills in market segments of strategic importance for Gamesa and because it offers many synergies which both companies can deploy in international markets. “In N2S we have found a very solid team which, in its short existence, is already developing reliable, time-tested and state-of-the-art technologies. Together we will strengthen strategic business lines and cement their international expansion process,” said.     In addition to the financing, N2S expects to utilise Gamesa’s manufacturing capability and international presence to expand its business. Gamesa has been looking to join N2S in the electric vehicle charging station, and production of its own models is due to be rolled out this year.

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?