News

1st December 2025

Accent Capital advised EST – Empresa Serviços Técnicos, SA, a leading Portuguese company in industrial electrical installations, instrumentation, switchboard manufacturing, automation and robotics, on the acquisition of 70% of its share capital by the French group Vulcain Engineering, a recognised player in engineering dedicated to the energy and industrial transition.

This transaction marks an important milestone in the 35-year history of the company based in Boa Vista – Leiria. It enables EST to strengthen its European expansion and develop its capabilities in strategic sectors such as nuclear, pharmaceuticals, naval industries and railway infrastructure, leveraging the complementary strengths of both groups.

For its part, Vulcain Engineering, based in Neuilly-sur-Seine, present in 17 countries and employing more than 6,000 people, reinforces its footprint in Southern Europe and expands its expertise in industrial electricity, instrumentation and automation.

The transaction ensures continuity of operations, stability of the management team and the continued leadership of Mário Rodrigues, who remains President of the company.

In this transaction, Accent Capital provided precise coordination of the cross-border process and a deep understanding of industrial dynamics between Portugal and Europe, helping to secure a coherent and well-aligned outcome for both parties.

This strategic combination opens new avenues for growth, bringing together EST’s industrial strength and Vulcain’s international acceleration capabilities.