Tincasur

What Tincasur does

Tincasur Sur S.L. is a privately held, family-owned Spanish industrial-services company founded in 1990 by José Trigo Ollero and headquartered in Puerto Real (Cádiz), with a regional office in Barcelona serving the Mediterranean mega-yacht fleet. Operating under the trade name Tincasur, the company delivers four integrated service lines — Naval, Industrial, Off-Shore, and Spare Parts Distribution — supported by certified welding, boilermaking, structural fabrication, and propulsion-mechanical capabilities. Its customer base consists almost entirely of enterprise and government clients, including Navantia, the Spanish Navy, Endesa (for which it maintains 80% of the power-plant engine fleet), Iberdrola (Wikinger offshore wind), Balearia, Trasmediterránea, Naviera Armas, Repsol, and Marina Barcelona. Tincasur holds PECAL 2110 NATO quality certification and a full suite of ISO 9001, ISO 14001, ISO 45001, and EN ISO 3834-2 welding certifications, qualifying it for defence and large-scale industrial contracts.

The company monetizes primarily through project-based professional services — ship construction, repair and maintenance, propulsion-system installation and alignment (2-stroke and 4-stroke main engines, gearboxes, shaft lines, propellers, rudders), modular and tubular structure fabrication, pipe manufacturing and hydraulic testing, and 24-hour emergency repair — alongside hardware sales of OEM-branded spare parts under authorized distribution agreements with Cummins, MTU (Rolls-Royce Power Systems), Wärtsilä, Reintjes, Northern Lights, Fleetguard, Chockfast (ITW), MarelliMotori, Schrack, and Kaeser. Its go-to-market is sales-led and relationship-driven, anchored on technical reputation, certification stack, and presence at international maritime trade fairs (EUROPORT, METSTRADE, NOR-SHIPPING), with internationalization supported by European Regional Development Fund programs via the Cámara de Comercio de Cádiz.

Underlying technology centers on multi-process welding (electrode coated, submerged arc, TIG, MIG/MAG, soft and hard brazing) across a broad material range (carbon, alloy, stainless, CuNiFe, titanium, duplex, monel, 6 molybdenum), ISO 3834-2-certified quality assurance, and laser-based propulsion alignment. Beyond services, Tincasur has developed limited proprietary products: the Nutfinger and Nutfinger V2 Extreme Ergonomics assistive tools (winner of the Asepeyo 2020 preventive-practice award), in-house generator sets, and an Ocean Cleaner (OC-Tech Horizon) prototype vessel for marine waste collection. The business is privately financed, with the most recent reported funding round of approximately USD 2.0 million in 2018, and no disclosed revenue.

Name

Tincasur

Legal name

Tincasur Sur S.L.

Website

https://tincasur.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Tincasur is a family-owned Spanish industrial-services firm headquartered in Puerto Real (Cádiz) that delivers naval, industrial, off-shore, and OEM spare-parts solutions — including propulsion alignment, certified welding, and fabrication — to enterprise and government clients such as Navantia, the Spanish Navy, Endesa, Iberdrola, and Balearia.

Ownership category

akta.pro rank

Product category

Naval Engineering Services

NAICS

Ship Building and Repairing (336611), Agriculture, Construction, and Mining Machinery Manufacturing (3331)

SIC

Special Industry Machinery, Nec (3559), Wholesale-Machinery, Equipment & Supplies (5080)

akta.pro primary industry

Offshore Barge & Tender Assist Vessel Construction (IMAJACAH)

akta.pro secondary industry

Deck Fittings & Hardware (Bitts, Fairleads, Cleats, Anchors & Chains) (IMAJAIAK)

Keywords

• Naval repair services
• Ship propulsion systems
• Boilermaking and welding
• Offshore platform conversion
• Marine spare parts distribution

Headquarters

HQ city

Cadiz

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Naval Services: Construction, repair, and maintenance services for ships and mega-yachts; propulsion system installation and alignment (main engines, shaft lines, gearboxes, propellers, rudders); electrical instrumentation work; 24-hour repair services.
2. Industrial Services: Large-scale fabrication and assembly of modular and tubular structures; pipe fabrication, assembly, and hydraulic testing; work in thermosolar plants, thermal power plants, combined cycle plants, and refineries.
3. Off-Shore Services: Transformation of oil platforms from drilling to production; conversion of tankers into vessels of other types; fabrication and assembly of jacket structures; hydraulic, pneumatic, and flushing testing of pipelines; turnkey project delivery.
4. Spare Parts Distribution: Distribution and representation of world-leading engine and component brands including Cummins, MTU, VM Motori, Detroit Diesel, MarelliMotori, Cummins Power Generation, Chockfast, Reintjes, Fleetguard, Wärtsilä, Northern Lights, and Schrack. Revenue generated from the sale and distribution of spare parts to shipyards, fleet operators, and industrial clients.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Tincasur is a B2B services company providing construction, repair, and maintenance for naval vessels, industrial facilities, and offshore platforms. Core offerings include propulsion system installation and alignment (main engines, shaft lines, gearboxes, propellers, rudders), 24-hour ship repair, large-scale boilermaking and piping fabrication, structural steel and aluminum work, and authorized distribution of branded spare parts for Cummins, MTU, Wärtsilä, Reintjes, and other global engine manufacturers.

Product overview

Tincasur is a service-providing company with over 30 years of experience in the naval, industrial, and off-shore sectors. The company operates from the Bay of Cádiz, Spain, and offers integrated services through four main areas: Calderería (boiler-making and piping), Estructuras (structures), Repuestos (spare parts distribution), and Mecánica (mechanics). As an official distributor for major engine brands including Cummins, MTU, Wärtsilä, Reintjes, and others, the company provides both services and spare parts. Tincasur also develops proprietary products including own-brand generator sets, the Nutfinger ergonomic bolt-tightening tool, and the Ocean Cleaner prototype vessel for marine waste collection.

Differentiator

Problem solved

Functional benefit

Products and services

• Naval Sector Services Construction, repair, and maintenance services for civil and military vessels and mega-yachts, including propulsion system installation and alignment for main engines, shaft lines, gearboxes, propellers, and rudders, plus 24-hour emergency repair capability.
• Industrial Sector Services Large-scale fabrication and assembly of modular and tubular structures (jackets and main intersections), pipe manufacturing and hydraulic testing in carbon steel, stainless steel, CuNiFe, titanium, duplex, monel, and 6 molybdenum, serving power plants, refineries, and industrial installations.
• Off-Shore Services Transformation of oil drilling platforms to production platforms, conversion of tankers to other vessel types, fabrication and assembly of offshore jacket structures, and hydraulic, pneumatic, and flushing testing of pipelines for offshore oil & gas and wind farm projects.
• Mechanical Services Diesel mechanics including engine review, assembly, and installation for ship propulsion and power generation, with specialized laser alignment of shaft lines, propellers, rudders, propulsion engines, and gearboxes. Responsible for the maintenance of 80% of Endesa's power plant engine fleet.
• Boiler-Making and Piping Services (Calderería) Prefabrication, support, assembly, and hydraulic testing of boilers and piping systems using TIG, MIG/MAG, and submerged arc welding on stainless steel, aluminum, CuNiFe, carbon steel, titanium, duplex, monel, and 6 molybdenum materials. Includes hydraulic testing and quality assurance under ISO 3834-2.
• Structural Services (Estructuras) Development and execution of aluminum and steel structures for naval and industrial projects including large repairs and ship conversions. Specializes in aluminum structures with clients including Navantia, Marina Barcelona, Balearia, Astilleros de Gibraltar, and Acciona Trasmediterránea.
• Spare Parts Distribution Official authorized representation and distribution of world-leading engine and component brands including Cummins, MTU, VM Motori, Detroit Diesel, MarelliMotori, Cummins Power Generation, Chockfast, Reintjes, Fleetguard, Wärtsilä, Northern Lights, and Schrack, supplying genuine branded spare parts to shipyards, fleet operators, and industrial clients.
• Nutfinger Ergonomic Tool 3D-printed ergonomic assistive device made from carbon fiber-reinforced nylon, available in V1 for small metric nuts and V2 Extreme Ergonomics for larger nuts, designed to eliminate pinch-grip posture during nut placement and threading and reduce the risk of tenosynovitis, De Quervain syndrome, and hand injuries.
• Own-Developed Generator Sets Proprietary generator sets developed in-house by Tincasur for power generation applications in marine and industrial contexts.
• Ocean Cleaner Technology / OC-Tech Horizon

Quantifiable outcome

• 80% of Endesa's power plant engine fleet maintained by Tincasur
• +3 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• CumminscoreChannel Partner/ Reseller/ DistributorAuthorized dealer and distributor for Cummins engines (2-stroke and 4-stroke) and Cummins Power Generation (CPG) generator sets. Tincasur has maintained this relationship over many years, leveraging it for both service contracts and spare parts distribution to naval and industrial clients.
• MTU (Rolls-Royce Power Systems)coreChannel Partner/ Reseller/ DistributorAuthorized dealer for MTU brand engines and propulsion systems, a leading global manufacturer serving the naval, industrial, and power generation sectors. Partnership provides both service capability and spare parts distribution rights.
• WärtsiläcoreChannel Partner/ Reseller/ DistributorAuthorized distributor for Wärtsilä engines and propulsion systems, serving the maritime and offshore markets with genuine branded spare parts and technical support.
• ReintjescoreChannel Partner/ Reseller/ DistributorAuthorized dealer for Reintjes marine gearboxes (reductoras). Tincasur specializes in the installation, alignment, and maintenance of Reintjes gearboxes as part of its propulsion system services.
• Northern LightscoreChannel Partner/ Reseller/ DistributorAuthorized distributor for Northern Lights generator sets, a leading brand in marine electrical power generation, complementing Tincasur's propulsion and generator maintenance services.
• FleetguardminorChannel Partner/ Reseller/ DistributorAuthorized distributor for Fleetguard filtration products, serving the engine maintenance and spare parts needs of naval and industrial clients.
• Chockfast (ITW)coreChannel Partner/ Reseller/ DistributorCertified applicator of Chockfast resin systems (ITW) for main engine resining (chocking). Tincasur holds ITW certification for Chockfast resin applicators and distributes the product as part of propulsion alignment services.
• VM MotoriminorChannel Partner/ Reseller/ DistributorAuthorized distributor for VM Motori engines, a brand serving industrial and marine applications, extending Tincasur's engine portfolio in the distribution segment.
• Detroit DieselminorChannel Partner/ Reseller/ DistributorAuthorized distributor for Detroit Diesel engines, providing spare parts and service support to clients operating Detroit-powered vessels and industrial equipment.
• MarelliMotoriminorChannel Partner/ Reseller/ DistributorAuthorized distributor for MarelliMotori electric motors and generators, complementing the power generation and alternator maintenance services offered by Tincasur.
• SchrackminorChannel Partner/ Reseller/ DistributorAuthorized distributor for Schrack electrical components and equipment, serving the marine and industrial electrical instrumentation needs of Tincasur's client base.
• Kaeser CompresoresminorChannel Partner/ Reseller/ DistributorTincasur represents and distributes Kaeser compressors, installing and servicing compressed air systems for industrial clients in the province of Cádiz and beyond.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Astican (Astilleros de Santander): Spanish ship repair and conversion yard based in Santander. Directly comparable as a domestic ship repair, refit and industrial service provider serving commercial, naval and offshore clients in Spain.
• Astilleros Armón: Spanish shipbuilder with yards including Navia and Gijón, active in naval, fishing and offshore vessel construction and repair. Comparable in naval fabrication, propulsion integration and offshore structure work.
• Cammell Laird: UK-based ship repair, refit and conversion yard serving naval and commercial clients. Comparable in ship repair, propulsion installation, mechanical services and defense-certified fabrication.
• A&P Group: UK ship repair business operating at multiple yards. Comparable in commercial and naval ship repair, fabrication and mechanical services for fleet operators.
• Imtra: US-based distributor and service provider for marine components, propulsion products and spare parts. Comparable in authorized distribution of tier-one marine brands and complementary service offering.
• Mackay Marine: Global marine electronics and spare parts distributor serving commercial and naval customers. Comparable in authorized distribution model and B2B marine parts supply.

Broad incumbents

• Damen Shiprepair: Global ship repair and conversion network of Damen. Comparable in ship repair, conversions and offshore vessel services but operating at a far larger scale and broader geographic footprint than Tincasur.
• Babcock International: UK-based defense and marine engineering group with naval support, ship sustainment and infrastructure services. Comparable in defense-certified naval services and fleet support, though at vastly larger scale.
• Navantia: Spanish state-owned shipbuilder and naval systems integrator. Both a key customer and a broader market incumbent; comparable in ship construction, repair and propulsion integration, but at much larger scale and across the full vessel lifecycle.

Regional players

• Boluda Towage & Salvage: Spanish maritime services group providing towage, salvage and offshore vessel support. Comparable as a Spanish-headquartered maritime services provider serving Iberian ports and naval clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tincasur