What Satocan does

Grupo Satocan is a privately held Canary Islands business group headquartered in Las Palmas de Gran Canaria, operating through wholly owned subsidiaries across construction, tourism, industrial materials, renewable energy, and business development. The construction division executes civil works, ports, roads, residential, and commercial projects for government agencies and private clients; the tourism division operates a portfolio of hotels and resorts including the 313-room Salobre Hotel Resort & Serenity (5-star), Gold by Marina, Marina Suites, Marina Bayview, Buendía Corralejo, The Salmar, and Salobre Golf Resort. Industrial operations are led by Canary Concrete (aggregates, fresh concrete, mortars, cements, pumping services with plants on Gran Canaria, Tenerife and Fuerteventura) and ROCASA (ornamental stone), while the energy division operates 14.4 MW of wind capacity (Punta Tenefé 5.4 MW, La Punta II 9 MW) and 28 MW of photovoltaic capacity in Fuerteventura, plus a 4,836 MWh CATL battery storage hybridization at Punta Tenefé. Ancillary businesses include Frioluz cold storage, Puerto Tazacorte marina (350 berths), the Archipiélago innovation hub, and Algalimento microalgae production.

The company monetizes through project-based construction contracts (primarily with public-sector clients including TRAGSA and multiple municipalities), direct and tour-operator-driven hotel bookings (TUI, Jet2holidays, Apollo), recurring industrial materials supply, and regulated/subsidized renewable energy generation. Pricing is quote-based for construction; tourism uses direct booking plus OTA/tour-operator channels. Customers span government administration, tourism consumers, construction firms, real estate buyers, and energy off-takers. Distribution is direct via dedicated commercial teams on each island, supported by a partnership program and a compliance/transparency portal aligned with Spanish and Canary Islands law.

Underlying technology combines conventional civil engineering and concrete production with operational renewable assets (Enercon turbines, CATL storage) and growing ESG/sustainability infrastructure (BREEAM, EMAS, ISO 14064, Biosphere certifications). The group maintains a ~2% equity participation in Sacyr-Vallehermoso, holds an 87% employee recommendation index, and is led by CEO José Julio Artiles Moragas with a Comité de Dirección covering legal, finance, HR, new technologies, and the four operating divisions.

Name

Satocan

Legal name

GRUPO SATOCAN, S.A.

Website

https://gruposatocan.es

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Grupo Satocan is a privately held Canary Islands conglomerate operating across construction, tourism, industrial materials, and renewable energy through subsidiaries such as Canary Concrete, Salobre Golf Hoteles, and multiple energy vehicles, serving public-sector clients, tour operators, and direct consumers across Gran Canaria, Tenerife, and Fuerteventura.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Management of Companies and Enterprises (55)

SIC

Services-Engineering, Accounting, Research, Management (8700), Cogeneration Services & Small Power Producers (4991), Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532)

akta.pro primary industry

Temporary Construction Utilities & Logistics (Laydown Yards, Temporary Power, Transport) (EUAMAFAL)

Keywords

• Construction services
• Concrete manufacturing
• Hotel hospitality
• Renewable energy
• Real estate development

Headquarters

HQ city

Las Palmas De Gran Canaria

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Construction services: Civil works, urbanizations, ports, road infrastructure, residential, tourist, industrial and commercial buildings. Primary revenue driver alongside tourism.
2. Tourism and hospitality: Operation of hotels and resorts including Salobre Hotel Resort & Serenity (5-star, 313 rooms), Buendía Corralejo NoHotel, Gold by Marina, Marina Suites, Marina Bayview, The Salmar. Golf course operations.
3. Industrial materials: Production and supply of aggregates, fresh concrete, mortars, cements and additives through Canary Concrete. Also ornamental stone through ROCASA.
4. Real estate development: Residential and commercial property promotion and development including urbanizations, offices, parking facilities.
5. Renewable energy: Wind farms (Punta Tenefé 5.4 MW, La Punta II 9 MW) and photovoltaic plants through subsidiaries Canarias Investment Office, Canarias Desarrollo e Innovación, Satocan Conservación y Mantenimiento.
6. Cold storage logistics: Frioluz operates cold storage with 80,000 m3 capacity, 12 chambers, temperature controlled between +5°C and -25°C.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Satocan is a diversified Canarian business group that develops and executes construction and civil engineering projects, manufactures and supplies concrete, aggregates and mortars (Canary Concrete, Arenas Blancas), operates a portfolio of hotels, resorts and a golf course under its tourism division, generates renewable energy through wind farms and battery storage, develops residential real estate, and runs complementary businesses including cold storage logistics (Frioluz), a marina (Puerto Tazacorte) and an innovation hub (Hubitat).

Product overview

Grupo Satocan is a diversified Canary Islands business group (S.A.) operating across multiple divisions including tourism/hospitality, construction, industrial materials, business development, and energy. The product portfolio consists of hotel and resort properties (Salobre Hotel Resort & Serenity, Gold by Marina, Marina Suites, Marina Bayview, Buendía Corralejo, The Salmar, Salobre Golf Resort), construction and civil works services, industrial material production (Canary Concrete producing concrete, aggregates, mortars, cement), renewable energy projects (wind farms, solar parks), real estate developments, logistics (cold storage via Frioluz), technology/entrepreneurship hubs (Archipélago, Archipélago Next), retail/commercial centers (Las Ramblas), parking facilities, marina operations (Puerto Tazacorte), and algae production (Algalimento).

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Services

Quantifiable outcome

• 730,000 m³ concrete supplied 2020-2022
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, major and minor.

• CATL (Contemporary Amperex Technology)coreTechnology or Integration · 21 March 2026Battery storage system manufacturer for Punta Tenefé wind farm hybridisation project. Providing lithium battery system technology.
• TRAGSA (Grupo de Transformación Agraria)majorStrategic or Co-development PartnerMultiple construction material supply contracts for public infrastructure projects including road improvement, hydraulic infrastructure, radar stations, and EDAS systems across Canary Islands.
• EnerconcoreTechnology or IntegrationWind turbine supplier for wind farms. Models include Enercon E-70 (2.3 MW, 120m height), Enercon E-48 (800 kW, 74m height), and Enercon E-44 (900 kW, 67m height).
• TUI GroupmajorChannel Partner/ Reseller/ DistributorMajor tour operator partner for hotel properties, providing guest volumes. Awards include TUI Holly, TUI Umwelt Champion, TUI Top Quality recognitions.
• Jet2holidaysmajorChannel Partner/ Reseller/ DistributorUK-based tour operator partner distributing hotel accommodation packages.
• ApollomajorChannel Partner/ Reseller/ DistributorTour operator partner for Scandinavian markets providing guest volumes to hotel properties.
• Gran Canaria Geotermia S.L.coreStrategic or Co-development PartnerJoint venture through Canary Islands Base S.L. for deep geothermal resource evaluation and confirmation in southeast Gran Canaria, aiming for geothermal electricity generation.
• Archipélago Next entrepreneursminorStrategic or Co-development PartnerEntrepreneurial ecosystem support through acceleration programs and private funding access for technology startups in Canary Islands.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• OHLA (formerly OHL): Spanish construction and concession group historically focused on civil works, infrastructure and building. Direct construction-line comparable to Satocan but without Satocan's tourism/industrial materials side.
• ACS Group (Actividades de Construcción y Servicios): Major Spanish construction and infrastructure conglomerate with significant concessions and energy-services exposure. Comparable to Satocan's construction portfolio but operating at national/international scale across civil works, industrial services and concessions.
• Acciona: Spanish diversified group combining infrastructure/construction (Acciona Construction) with one of the world's largest renewable-energy platforms (Acciona Energía). Closest analogue to Satocan's construction-plus-renewables model but at materially larger, international scale.
• Ferrovial: Spanish infrastructure operator with construction, toll roads, airports and energy-grid activities. Similar Spanish-listed construction-and-concessions profile to Satocan at vastly larger scale and with international footprint Satocan lacks.
• Sacyr: One of Spain's largest construction-and-services groups; Satocan has held an approximately 2% participation in Sacyr-Vallehermoso for decades. Direct comparator on the construction, civil-works and concessions side of Satocan's business, though at much larger national-infrastructure scale.

Direct peers

• Barceló Hotel Group: Spanish family-owned hotel group with strong Canary Islands, Caribbean and Mediterranean resort exposure. Comparable to Satocan's hotel portfolio in segment (4-star/5-star leisure), channel partners (TUI/Apollo), and premium-leisure positioning.
• Lopesan: Gran Canaria-headquartered Spanish hotel and tourism operator with deep Canary Islands roots and resort, golf and spa operations. The closest regional peer to Satocan's tourism division — same geography, overlapping 5-star/4-star resort offerings and tour-operator distribution model.
• RIU Hotels & Resorts: Spanish family-owned resort chain with material Canary Islands and Caribbean footprint. Comparable to Satocan's resort portfolio on segment positioning, all-inclusive leisure offerings and tour-operator channel relationships.
• Meliá Hotels International: Largest Spanish hotel operator with significant Canary Islands and Caribbean resort exposure. Most direct peer on the 5-star resort and hotel portfolio (Salobre Hotel 5-star, Gold by Marina, Marina Suites) — comparable business model, premium positioning, tour-operator channel mix.

Regional players

• Cementos Molins: Spanish-listed cement, concrete and aggregates producer. Direct comparator to Satocan's Canary Concrete division (aggregates 2.2M Tn, 730,000 m³ of concrete 2020-2022) on the industrial-materials side, though Molins operates across multiple geographies at substantially larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/satocanpeople
• LinkedInlinkedin.com/company/grupo-satocan-s-a-

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 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 Satocan