Acquisitions in Aragon, Spain

Oakley Capital Origin Fund I has agreed to acquire a majority stake in Alerce, a Spanish provider of transport and logistics software (TMS) founded in 1989. The Pardo founding family, including CEO Pablo Pardo Garcia, will retain a significant stake; the investment will support Alerce's international expansion, product development and buy-and-build strategy.

Diploma PLC has acquired Distribuidora Internacional Carmen SAU (DICSA), a European aftermarket fluid power distributor, for an initial consideration of £170 million with up to a further £19 million earn-out. The deal expands Diploma's fluid power footprint across the US, UK and mainland Europe and adds a business with strong organic revenue (reported €87.7m in 2022) to its specialist distribution portfolio.

Palex, a distributor of high value-added MedTech equipment and solutions in Spain and Portugal and backed by Ergon Capital, has acquired Comercial Rafer, S.L. (Rafer). The acquisition strengthens Palex’s IVD and laboratory solutions offering, adding Rafer’s capabilities in reagents and laboratory instruments, including expertise in histocompatibility and organ transplant-related IVD verticals.