What Velatia does

Velatia is a privately held, family-owned industrial and technological group founded in 1967 (originally as Ormazabal, rebranded Velatia in 2012) and headquartered in Bilbao, Spain. The group is structured as a portfolio of six core operating subsidiaries: Ormazabal (medium-voltage switchgear, secondary transformer substations, smart-grid and renewable integration solutions for electric utilities); Ikusi (digital transformation, cybersecurity, data center and enterprise networking services built on partnerships with Cisco, AWS, Microsoft Azure, Fortinet, Palo Alto Networks and VMware); Smarmec (design engineering and electromechanical manufacturing with additive-manufacturing capabilities); Stratenergy (energy services, photovoltaic self-consumption, EV charging infrastructure and energy savings certificates); Supsonik (industrial power electronics including UPS systems, DC/DC converters, inverters and rectifiers); and WEC/Wallair Engine Components (NADCAP- and QML-accredited aircraft engine and turbine parts). Velatia generates revenue primarily through direct enterprise field sales of hardware (switchgear, transformers, power electronics, aerospace components) and professional services (digital integration, cybersecurity, energy management) priced via custom quotations tied to project specifications and volume, with no public pricing and no consumer-facing channels.

The group's competitive position rests on a 55+ year industrial heritage, a proprietary Research and Technology Centre (CIT) in Boroa housing the world's most modern high-power laboratory (HPL) and the unique Demonstration and Experimentation Unit (UDEX), and a globally distributed operating footprint of 22 manufacturing centers across 20 countries on five continents serving customers including utility companies, ITP Aero, Liebherr, Safran, Rolls-Royce, Honeywell and Pratt & Whitney. Velatia is led by Javier Ormazabal as president (second-generation family leadership), employs more than 4,100 professionals, and surpassed €1 billion in annual revenue for the second consecutive year in 2025, reaching €1,100 million at 5% year-over-year growth. In January 2026 the group announced a preliminary agreement to divest 60% of its aerospace components subsidiary WEC to Batz S.Coop (MONDRAGON), reshaping its portfolio toward power electronics, digital services and core grid solutions.

Name

Velatia

Legal name

VELATIA, S.L.

Website

https://velatia.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Velatia is a family-owned Spanish industrial-technology group operating through six subsidiaries (Ormazabal, Ikusi, Smarmec, Stratenergy, Supsonik, WEC) to deliver electrical grid equipment, digital transformation and cybersecurity services, aerospace components, power electronics and energy services to utilities, OEMs and critical infrastructure operators across 20 countries.

Ownership category

akta.pro rank

Product category

Electrical Grid Equipment and Industrial Electronics

NAICS

Electrical Equipment Manufacturing (33531), Relay and Industrial Control Manufacturing (335314), Power, Distribution, and Specialty Transformer Manufacturing (335311), Custom Computer Programming Services (541511)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Grid Automation & Communications (SCADA Gateways, IEC 61850, Teleprotection, Substation Networking) (IMAGAAAE)

akta.pro secondary industries

Control Room HMI/Visualization, Alarm & Event Management (EUADAEAJ), Network Engineering, Integration & Field Deployment Services (Design, Build, Test) (EUADAIAM), Instrumentation, Controls & Automation (DCS/PLC/SCADA, SIS, Metering) (EUAEAFAC), Enterprise Integration Middleware, Historian & Data Management for SCADA/ADMS (EUADAEAO)

Keywords

• Electrical grid solutions
• Smart grid equipment
• Power electronics systems
• Aerospace components manufacturing
• Industrial cybersecurity services

Headquarters

HQ city

Zamudio

HQ country

Spain

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Electrical Grid Solutions: Sale of electrical equipment, switchgear, transformers, and smart grid solutions through Ormazabal subsidiary to utilities and grid operators worldwide
2. Technology and Digital Services: Engineering, integration, cybersecurity, data center, and telecommunications services through Ikusi subsidiary for digital transformation
3. Energy Services: Energy management, photovoltaic installation, electric mobility solutions, and energy savings certificates through Stratenergy
4. Aerospace Components: Design and manufacturing of critical aircraft engine and turbine parts through WEC subsidiary
5. Power Electronics: Design, manufacture and marketing of industrial power electronics equipment including UPS systems, DC/DC converters, inverters, rectifiers through Supsonik

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Velatia is a family-owned industrial and technological group that designs, manufactures, and supplies medium- and low-voltage electrical grid equipment and smart grid solutions (Ormazabal), digital transformation and cybersecurity services (Ikusi), industrial power electronics such as UPS systems, inverters and converters (Supsonik), precision aerospace engine and turbine components (WEC), electromechanical engineering and additive manufacturing (Smarmec), and energy efficiency and e-mobility services (Stratenergy) for utility, telecom, aerospace, and industrial enterprise customers worldwide.

Product overview

Velatia is a family-owned, industrial and technological group with over 55 years of experience operating across five continents. The company functions as a portfolio of specialized business units rather than a single unified platform. The group comprises six core companies: Ormazabal (electrical grid solutions and smart grids), Ikusi (digitalization and cybersecurity services), Smarmec (electromechanical engineering solutions), Stratenergy (energy efficiency services), Supsonik (industrial power electronics systems), and Wec (aerospace components manufacturing). These companies collectively address priority areas including electric networks and smart grids, digital transformation, engineering and development, aeronautics, and energy services. In 2025, Velatia achieved revenues of €1.1 billion with more than 4,100 employees across 20+ countries and 22 manufacturing centers.

Differentiator

Problem solved

Functional benefit

Products and services

• Ormazabal Electrical Grid Solutions Designs and manufactures medium- and low-voltage transformer substations, smart grid solutions, renewable energy integration systems, sustainable building infrastructure, and EV charging infrastructure for electric utility customers.
• Ikusi Digitalization and Cybersecurity Services Engineering, integration, and technological development services for digital transformation including communications infrastructure, cybersecurity for IT and OT environments, data center solutions, and enterprise networking across telecom, banking, transportation, healthcare, retail, and Oil & Gas sectors.
• Supsonik Industrial Power Electronics Designs, manufactures, and markets industrial power electronics equipment and systems including uninterruptible power systems (UPS), DC/DC converters, inverters, rectifiers/battery chargers, and customized equipment for industrial, naval, aeronautical, railway, and electrical sectors.
• WEC Aerospace Components Manufacturing Designs and manufactures critical parts for aircraft engines and turbines for world-leading aerospace manufacturers, operating in commercial and defense markets with NADCAP accreditation and Qualified Manufacturers List (QML) status.
• Smarmec Electromechanical Engineering Solutions Design engineering and development of electromechanical solutions covering health sector, sales automata, equipment, logistics and defense with capabilities in additive manufacturing and joining technologies. Facilities in Spain, China, and Malaysia.
• Stratenergy Energy Efficiency and E-Mobility Services Comprehensive energy services covering outsourced energy management, solar photovoltaic self-consumption, electric mobility and charging point deployment, and energy savings certificates processing.
• Cybersecurity Solutions for IT and OT

Quantifiable outcome

• Solutions operating across the 5 continents serving critical energy infrastructures
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Batz S.Coop (MONDRAGON)coreStrategic or Co-development Partner · 13 January 2026Preliminary agreement for Batz S.Coop to acquire 60% of Wallair Engine Components SL (WEC) from Velatia, with Velatia retaining 40%. WEC is an aerospace components company created in 2005 by Velatia, based in Amorebieta-Etxano (Bizkaia), employing 104 people and generating €12 million in turnover. Deal aims to create a new aerospace components business unit large enough to compete with leading international organizations.
• CiscocoreTechnology or IntegrationTechnology partnership through Ikusi for network and communications infrastructure solutions
• AWS (Amazon Web Services)coreTechnology or IntegrationCloud services partnership through Ikusi for data centre and cloud solutions
• Microsoft AzurecoreTechnology or IntegrationCloud platform partnership through Ikusi for enterprise digital transformation
• FortinetcoreTechnology or IntegrationCybersecurity technology partnership through Ikusi for network security solutions
• VMwarecoreTechnology or IntegrationVirtualization and cloud infrastructure partnership through Ikusi
• Palo Alto NetworkscoreTechnology or IntegrationCybersecurity partnership through Ikusi for enterprise security
• TECNALIAcoreStrategic or Co-development PartnerResearch and technology collaboration with Basque technology centre for innovation and R&D projects
• MONDRAGON UNIBERTSITATEAminorStrategic or Co-development PartnerEducational partnership for talent development and research collaboration
• Hegan (Basque Aerospace Cluster)minorStrategic or Co-development PartnerAerospace cluster membership through WEC for industry collaboration

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• ABB: Global leader in electrification, motion, and process automation with direct overlap to Ormazabal in switchgear, transformers, substations, and grid automation. ABB competes head-to-head with Velatia's grid solutions across utility customers worldwide.
• Hitachi Energy: Supplies transformers, high-voltage equipment, grid automation, and digital grid solutions to utilities globally. Closest head-to-head competitor to Ormazabal in grid automation, IEC 61850-based substations, and SCADA/ADMS software.
• Vertiv: Specializes in critical digital infrastructure including UPS, power conversion, and thermal management for data centers and industrial applications. Closest competitor to Supsonik in uninterruptible power systems and industrial power electronics.
• Socomec: European specialist in critical power supplies, UPS systems, power conversion, and switching for industrial and infrastructure applications. Direct competitor to Supsonik in industrial and railway power electronics markets.
• Howmet Aerospace: Manufactures critical aircraft engine and turbine components for commercial and defense aerospace. Direct peer to Velatia's WEC subsidiary, which supplies similar aerospace components to Rolls-Royce, Honeywell, Safran, and other engine OEMs.
• Senior plc: Specializes in high-precision engineered components and systems for aerospace, defense, and industrial markets. Comparable to WEC's NADCAP-accredited special processes for aircraft engine and turbine components.

Broad incumbents

• Siemens Energy: Major diversified player in transmission, grid technology, and digital grid solutions. Competes with Velatia's Ormazabal and Ikusi across utility customers, though as part of a much broader portfolio including gas power, wind, and industrial steam.
• Schneider Electric: Provides grid distribution, substation automation, and digital energy management solutions to utilities and infrastructure operators. Overlaps with Ormazabal in medium-voltage switchgear and with Ikusi in industrial digitalization.
• Eaton: Power management company offering transformers, switchgear, UPS systems, and electrical components. Direct overlap with Supsonik's UPS/power electronics business and Ormazabal's switchgear portfolio; competes globally in industrial power quality.

Others

• Tecnalia: Basque applied research and technology centre that collaborates with Velatia on R&D and innovation projects. While not a commercial peer, it is a strategic partner in Velatia's research ecosystem, especially around grid automation and energy transition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Velatia_global
• Facebookfacebook.com/Velatia-1634185503460158

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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 Velatia