Onyx Group

What Onyx Group does

Grupo Onyx is a privately held Guatemalan business consortium founded in 1967 by civil engineer Mario López Estrada, now led by the founder's second generation following his death in March 2023. The group operates as a diversified holding company spanning five core divisions: real estate development in Guatemala and Paraguay (over 600,000 m² developed, including the 280,000 m² Paseo La Galería complex and luxury vertical housing projects such as Ferré Diez and Paseo 55); renewable energy generation through Horus Energy, which operates Guatemala's two largest utility-scale photovoltaic plants (Horus I and II) with 110 MW combined capacity and over 345,000 solar panels producing 200+ GWh annually; telecom product distribution through a network of 30,000+ weekly sale points staffed by 800+ collaborators; digital services (Megaprint, Ifacere, Nexcel) delivering SAT-accredited electronic invoice certification (FEL), document management, CRM and point-of-sale solutions to 4,000+ enterprise clients under ISO 27001 certification; and cellular network maintenance for radio base, transmission, and power infrastructure across 4,000+ sites. The Group also operates the Mario López Estrada Foundation for community development programs.

The company generates revenue through a mix of one-time real estate sales and leases, recurring subscription-style digital services and maintenance contracts, transaction-based telecom distribution, and recurring renewable energy offtake. Pricing across most divisions is project-based and not publicly disclosed; Ferré Diez apartments are priced $270,000-$700,000 USD with 20% down payment over 20 months. Customer segments span enterprise clients (Tigo Guatemala for telecom distribution and maintenance since over 20 years; insurance, pharmaceutical, and service companies for digital solutions), government entities, and mass-market consumers in Guatemala and Paraguay. The Group's technology stack combines proprietary infrastructure (solar plants, distribution logistics, real estate platforms) with third-party enterprise software including Microsoft Power Platform, Dynamics 365, and Rocketbot RPA, with all digital services running on cloud infrastructure achieving 99.7%+ availability. Geographic operations are concentrated in Guatemala and Paraguay, with the Digital Services Division in active expansion into the Caribbean and South America regions since 2020.

Name

Onyx Group

Legal name

Grupo Onyx

Website

https://grupoonyx.com.gt

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Grupo Onyx is a diversified Guatemalan business consortium founded in 1967, operating real estate development, renewable energy (110 MW solar), telecom distribution, digital services, and cellular network maintenance businesses across Guatemala and Paraguay, serving enterprise clients, government, and mass-market consumers under second-generation family leadership.

Ownership category

akta.pro rank

Product category

Diversified Holding Conglomerate (Real Estate, Renewable Energy, Telecommunications, Digital Services)

NAICS

Solar Electric Power Generation (221114), Management of Companies and Enterprises (551), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Operators Of Nonresidential Buildings (6512), Non-Operating Establishments (9995)

akta.pro primary industry

Distributed Generation (DG) Solar & Small Wind (EUAMAJAD)

Keywords

• Real estate development
• Solar energy generation
• Telecom distribution
• Electronic invoicing services
• Cellular network maintenance

Headquarters

HQ city

Guatemala City

HQ country

Guatemala

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development and Management: Development, operation, and administration of commercial, industrial, and residential real estate projects in Guatemala and Paraguay. Includes management of lease and sublease contracts for cellular phone towers (over 4,000 sites). Revenue from property sales, leasing, and property management fees.
2. Renewable Energy Generation (Horus Energy): Large-scale solar photovoltaic energy generation through Horus I and Horus II plants with 110 MW combined capacity. Generates over 200 GWh of clean energy annually, supplying power to approximately 60,000 households.
3. Telecom Distribution: Distribution of telecom products including airtime, smartphones, DTH and WTTx services. Services include kit manufacturing, scratchable card printing, promotional items, and prepaid distribution through over 30,000 weekly sale points.
4. Digital Services (Electronic Invoice & Software): Electronic invoice certification and generation, document management, digital engagement solutions, CRM and point-of-sale solutions. Serving over 4,000 enterprise clients including insurance, pharmaceutical, and telecom companies. Service availability exceeding 99.7%.
5. Cellular Network Maintenance: Preventive and corrective maintenance services for cellular communications infrastructure including radio base equipment, transmission systems, backup power systems, climate control, and diesel generator repair and overhaul.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Grupo Onyx is a Guatemalan diversified business consortium that develops, operates and administers real estate projects (commercial centers, residential towers, logistics warehouses, office complexes) in Guatemala and Paraguay, generates utility-scale solar photovoltaic energy through Horus Energy plants (110 MW), distributes telecom products through a 30,000+ point retail network, maintains cellular network infrastructure for major operators, and provides certified electronic invoicing and digital document management services to thousands of enterprise clients.

Product overview

Grupo Onyx is a diversified Guatemalan business consortium founded in 1967, operating through multiple divisions as a platform of distinct business units rather than a single unified product. The portfolio spans real estate (Guatemala Real Estate Division and Paraguay Real Estate Division), renewable energy (Horus Energy with 110 MW solar capacity), telecom distribution (Telecom Division serving 30,000+ points of sale), digital services (Megaprint/iFacere for electronic invoice certification and document management), cellular maintenance, and social responsibility (Mario López Estrada Foundation). Key products include Plaza Madero shopping centers, Paseo La Galería complex in Paraguay, KB+ logistics centers, Ferré Diez vertical housing, and Ifacere electronic billing. The group has developed over 600,000 m² of construction in Guatemala and Paraguay.

Differentiator

Problem solved

Functional benefit

Brands

• Horus Energy: Brand for Grupo Onyx's renewable energy division, operating the largest solar photovoltaic plants in Guatemala (110 MW capacity)
• Plaza Madero
• Paseo La Galería
• Megaprint
• Ifacere
• Nexcel
• KB+ Minibodegas
• Ferré Diez
• Zentroplaza
• Torretigo
• KB+ Logistics Center
• Torres del Paseo

Products and services

• Real Estate Division (Guatemala)

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Habitat for Humanity GuatemalacoreImplementation/ SI/ Consulting Partner · 1 September 2025Contracted by Fundacion Mario Lopez Estrada to execute the 'Pisos para la Prosperidad' program, which will replace dirt floors with concrete in approximately 2,277 homes in Chiantla and Aguacatan, Huehuetenango. Habitat for Humanity Guatemala is committed to development and signed a Memorandum of Understanding for this cooperation.
• U.S. Embassy GuatemalacoreStrategic or Co-development Partner · 1 September 2025Collaboration with U.S. Embassy on 'Pisos para la Prosperidad' program (US$1 million donation) and 'Arte Que Une' art exhibition. Ambassador Tobin Bradley hosted events and expressed commitment to Guatemala's development.
• Japan Embassy GuatemalaminorStrategic or Co-development Partner · 1 February 2024Joint participation in 'Energia en Tus Estudios' program where Japanese Ambassador Kuwana Ryosuke delivered school supplies alongside CEO Mario Lopez Perez at schools in Chiquimulilla, Santa Rosa.
• MicrosoftcoreTechnology or Integration · 1 February 2024Implementation of Power Platform and Dynamics 365 Finance and Operations. Participation in Power Platform Bootcamp at Universidad Mesoamericana. Collaboration with Guatemala Country Manager Erick Sosa.
• ITCO (Microsoft Partner)coreTechnology or Integration · 1 January 2024Microsoft partner providing Azure, Office, application modernization, and security training. Conducted intensive Power Platform development session at Microsoft offices in San Salvador.
• Inter-American DialogueminorStrategic or Co-development Partner · 1 January 2024Partnership on education and financial inclusion projects to discourage irregular migration, aligned with Fundacion's development objectives.
• Seis ArquitectosminorStrategic or Co-development Partner · 1 January 2024Architecture and design firm responsible for Ferré Diez building design - a 2-tower, 18-level residential complex in Zone 10.
• Humberto VizcainominorStrategic or Co-development Partner · 1 January 2024Interior design architect for Ferré Diez residential project, responsible for luxury interior specifications.
• Dr. Hector MonzonminorStrategic or Co-development Partner · 1 January 2024Structural and seismic engineering specialist leading structural engineering for Ferré Diez project.
• SIFEN Paraguay (Sistema Integrado de Facturacion Electronica Nacional)coreTechnology or Integration · 1 June 2023Partnership with Paraguay's electronic invoice system for Ifacere expansion. Alignment with country's fiscal modernization since 2017, with mandatory electronic invoicing projected for 2024.
• United Nations EntitiesminorStrategic or Co-development Partner · 1 January 2019Collaboration with UN, World Bank, and international community on development projects including education, health, and migration prevention programs. Partnership on UNETE 'Save Children with Cancer' project that raised US$170 million.

Scale indicators14 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Corporación Multi Inversiones (CMI): Guatemala's largest privately-held conglomerate with a highly comparable diversified portfolio spanning food production, real estate, energy, financial services, and infrastructure. CMI shares the same family-owned, multi-generational holding structure and Guatemala/regional operating footprint as Grupo Onyx.
• Grupo Terra: Honduras-based diversified holding company with operations in telecommunications (operates Tigo Honduras), real estate development, and energy — directly comparable to Grupo Onyx's telecom, real estate, and renewable energy verticals and the broader Central American cross-border holding model.

Regional players

• Grupo Cayalá: Guatemala-based master-planned community and large-scale real estate developer. Most direct geographic and product-line overlap with Grupo Onyx's Real Estate Division for residential and mixed-use developments in Guatemala City.
• Roble Group: Panama-headquartered commercial real estate developer and operator with shopping center and mixed-use projects across Central America. Direct comparable for Grupo Onyx's Plaza Madero convenience shopping center chain and broader commercial real estate operations.
• Desarrolladora Mega (MEGA): Mexican real estate developer focused on vertical housing and mixed-use projects. Comparable scale and product type to Grupo Onyx's Ferré Diez vertical housing project and broader residential development pipeline.

Broad incumbents

• Enel Green Power: Global utility-scale renewable energy operator with significant Latin American solar and wind portfolio. Most comparable broad incumbent for Grupo Onyx's Horus Energy division as both operate utility-scale solar in Latin America under similar regulatory frameworks.
• Iberdrola: Major global renewable energy utility with growing Latin American (especially Mexico) solar and wind portfolio. Comparable as a large incumbent investing in renewable generation assets across Latin America, though at much greater scale than Horus Energy.

Others

• Millicom International Cellular (Tigo): Parent of Tigo Guatemala, Grupo Onyx's longest-standing telecom partner (20+ years) and former co-investment. Closely linked through the Tigo distribution and cellular maintenance contracts and the 1994-2021 equity partnership via COMCEL.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/grupo-onyx

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries11 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 Onyx Group