Willbo

What Willbo does

Willbo Engineering 2 Build S.L. (trading as willbö) is a Spanish engineering services firm founded in 2018 and headquartered in Vigo (Galicia) with an execution bench in Mumbai, India. The company operates two divisions — Marine Engineering (concept, basic, detail and production engineering for shipowners, shipyards and owners across hull, structure, outfitting and class-approval packages) and Industrial Engineering (process, piping, P&IDs, HAZOP, CFD, and detail design for power, oil & gas, LNG, green hydrogen, petrochemicals, wastewater, desalination, biomass and CSP) — under a single accountable project-management structure that delivers across an 11+ discipline stack. Revenue is generated almost entirely from professional services delivered via three pricing models: lump-sum fixed-scope packages, named-engineer bench extension (monthly T&M), and owner's engineer / EPC oversight retainers. Customer logos span Meyer Turku, Helsinki Shipyard, Swan Hellenic, Ritz-Carlton Yacht Collection, Royal Arctic Line, Murueta, Nodosa, TSK, Elecnor, Tresca, Univergy, Duro Felguera, ABENGOA, WOOD/TechnipFMC and others.

Beyond services, willbö has built two proprietary products with public R&D co-financing. CAPCO2 is an MEA-based onboard CO2 capture system for commercial ships (TRL 7, Bureau Veritas Approval in Principle April 2026, pilot executed at the Port of Vigo October 2025) that stores rich solvent on board and offloads it at port for regeneration using industrial waste heat — an architecture that targets a net/gross capture ratio of 1.00 for the shipowner under EU ETS and FuelEU Maritime. holö is a mixed-reality platform for shipbuilding running on Microsoft HoloLens 2 with two modules (Design Review for 1:1 scale multi-user 3D model walkthroughs, and Site for as-built overlay and 3D-anchored non-conformance capture on the yard floor), cloud-backed on Azure and integrated with AVEVA E3D, Tekla, FORAN, CADMATIC, NX, SolidWorks, Inventor, ShipConstructor and Rhino. TECHCO2 (GAIN Nexos 2025, with Silecmar/Grupo Arbulu and Neuwalme) is the MRV traceability layer closing the loop between onboard capture and ETS/FuelEU reporting.

Commercial reach is currently centred on the Galician and Iberian maritime cluster with selective projects across EMEA, LATAM, South Asia, MENA and West Africa. Internationalisation is funded by IGAPE Galicia Exporta Empresas 2026 covering NAVALIA 2026 and trade missions to India, Finland, Norway, Netherlands and Germany. The company is founder-owned, has raised no disclosed institutional equity, and is funded entirely through operating cash flow and non-dilutive public R&D grants (PERTE Naval TECNAVAL2025/PP06, GAIN Nexos 2025, IGAPE 2026).

Name

Willbo

Legal name

Willbo Engineering 2 Build S.L.

Website

https://willbo.es

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Marine & Industrial Engineering Services

NAICS

Architectural, Engineering, and Related Services (5413)

SIC

Services-Engineering Services (8711)

akta.pro primary industry

Production Design & Detailed Engineering (3D CAD, Drawings, BOM, Nesting) (IMAJAGAK)

akta.pro secondary industries

Project Management & Owner’s Engineering / Technical Consultancy (Spec Writing, Bid Support, Site Support) (IMAJAGAO), Digital Engineering & Simulation (CFD/FEA, Digital Twins, Model-Based Engineering) (IMAJAGAL), Safety, Risk & Compliance Engineering (SOLAS, Class Rules, HAZID/HAZOP, FMEA) (IMAJAGAJ), Automation, Controls & Instrumentation Engineering (IAS, PMS, Control Logic) (IMAJAGAG)

Keywords

• Marine engineering services
• Industrial engineering services
• Onboard carbon capture
• Mixed reality shipbuilding
• Shipyard engineering outsourcing

Headquarters

HQ city

Vigo

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Marine Engineering Services: Concept, basic, detail and production engineering for shipowners, shipyards and owners. Delivered as lump-sum fixed-scope packages, bench extension (named engineers embedded in client projects), or owner's engineer engagements. Revenue recognized on project milestones. Spain–India delivery model (Vigo design authority, Mumbai execution bench) enables competitive pricing at quality standards.
2. Industrial Engineering Services: Process to plant engineering for power, oil & gas, renewables, petrochem and heavy industry. Scope ranges from feasibility studies through basic and detail engineering to owner's engineering and site supervision. Sectors include CCGT, LNG terminals, green hydrogen, wastewater, biomass. Delivered via the same Spain–India model.
3. CAPCO2 — Product Deployment: CAPCO2 is offered as a deployed product/engineering engagement rather than a standalone SaaS licence. Revenue derives from engineering design of the skid integration, onboard installation engineering, and associated MRV layer (TECHCO2). Commercial release planned H1 2027. First commercial installation targeted for 2027.
4. holö — Mixed Reality Platform (as engineering engagement): holö is deployed as part of willbö's marine engineering engagements, not sold as a standalone software licence. When a client commissions marine engineering from willbö, they receive holö sessions included in the delivery. This bundles the digital platform into the core engineering services revenue stream.
5. Public R&D Funding (GAIN Nexos, FEDER): willbö participates in publicly funded R&D programmes as lead or partner. Current: TECHCO2 (Nexos 2025, GAIN/FEDER Galicia 2021–2027, Expte. IN852A 2025/12). Galicia Exporta Empresas 2026 (IGAPE). Previously: PERTE Naval (TECNAVAL2025/PP06). Grants are co-financing R&D costs, not a commercial revenue stream.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels7 records

Core offering

Willbo is a Spanish engineering firm that delivers concept-to-production marine and industrial engineering for shipowners, shipyards, EPCs and industrial operators, executed via a Spain–India delivery model (Vigo design authority, Mumbai execution bench). The firm operates two divisions — Marine Engineering (hull, structure, outfitting, class approvals, retrofits) and Industrial Engineering (process, P&IDs, HAZOP, CFD, piping stress, power, LNG, green hydrogen, desalination, petrochemicals) — alongside two proprietary products: CAPCO2, an MEA-based onboard CO₂ capture system with port-side regeneration (TRL 7, Bureau Veritas AiP), and holö, a Microsoft HoloLens 2 mixed-reality platform for shipbuilding design review and as-built site overlay.

Product overview

Willbo is a marine and industrial engineering firm offering two in-house products alongside engineering services. CAPCO2 is an onboard carbon-capture system for commercial shipping (TRL 7, Bureau Veritas AiP) that captures CO₂ using MEA-based absorption and regenerates solvent at port using industrial waste heat — the only OCCS architecture achieving a net/gross capture ratio of 1.00 for shipowners. holö is a mixed-reality platform for shipbuilding that overlays 3D engineering models on physical reality using Microsoft HoloLens 2, with two modules: Design Review (pre-construction 1:1 scale walkthroughs) and Site (as-built overlay during construction). TECHCO2 is the MRV traceability layer built on top of CAPCO2, providing auditable CO₂ quantification and reporting aligned with EU ETS, FuelEU Maritime, and IMO MEPC 84. Both products are co-developed with class societies (Bureau Veritas, DNV, LR, RINA) and supported by public R&D programmes including PERTE Naval and GAIN NEXOS.

Differentiator

Problem solved

Functional benefit

Brands

• CAPCO2: Onboard CO₂ capture system for commercial shipping. MEA-based absorption, port-side regeneration with industrial waste heat. TRL 7, Approval in Principle from Bureau Veritas. Target: intra-EU ferries, cement carriers, specialised carriers.
• holö

Products and services

• Marine Engineering Services Concept, basic, detail and production engineering for shipowners, shipyards and owners. Covers hull, structure, outfitting, class approval packages (BV, DNV, LR, ABS, RINA), and retrofits for cruise, fishing, cargo, tankers, offshore and polar vessels. Delivered as lump-sum fixed-scope packages, bench extension (named engineers embedded in client projects), or owner's engineer engagements. Engineering team scalable from 4 to 40 engineers per project.
• Industrial Engineering Services Process-to-plant engineering for power, oil & gas, renewables, petrochemicals and heavy industry. Scope ranges from feasibility studies through basic and detail engineering to owner's engineering and site supervision. Sectors include CCGT, LNG terminals, green hydrogen, wastewater treatment, desalination, biomass, petrochemicals, CSP and wind. Delivered via the same Spain–India delivery model (Vigo coordination, Mumbai execution).
• CAPCO2 Onboard CO₂ Capture System MEA-based post-combustion CO₂ capture system for commercial ships. Absorbs CO₂ from main-engine exhaust during navigation using 30% w/w aqueous MEA solution, stores rich solvent in onboard tanks, and offloads for port-side regeneration using industrial waste heat — achieving a net/gross capture ratio of 1.00 for shipowners under EU ETS and FuelEU Maritime. TRL 7, with Bureau Veritas Approval in Principle. Target vessels: intra-EU ferries, cement carriers, specialised carriers.
• holö Mixed Reality Platform Mixed-reality platform for shipbuilding running on Microsoft HoloLens 2. Two modules: Design Review (multi-user, multi-site 1:1 scale 3D model walkthrough with 3D-anchored annotations and revision overlays) and Site (3D model overlay on the physical ship under construction with hidden-service walkthrough and NCR capture in under 60 seconds). Cloud-backed with Azure. Integrates with AVEVA E3D, Tekla Structures, FORAN, CADMATIC, NX, SolidWorks, Inventor, ShipConstructor and Rhino.

Named customers20 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration21 records

Feature7 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Silecmar (Grupo Arbulu)coreStrategic or Co-development Partner · 1 October 2025Silecmar is part of Grupo Arbulu, an international network in naval electronics and satellite communications. In the TECHCO2 project (GAIN NEXOS, 2025–2028), Silecmar leads WP2/PT2: development of sampling protocols for onboard CO₂ monitoring — designing sampling points on the process diagram (≥90% of critical streams), selecting fast valves and marine fittings, and developing technical sampling SOPs with ≥95% reproducibility in simulated tests (activities A2.1–A2.3). GRUPO ARBULU is referenced as a partner in TECHCO2 and in public dissemination.
• Neuwalme S.L.U.coreStrategic or Co-development Partner · 1 October 2025Neuwalme (Vigo, PTL) leads WP3/PT3 in the TECHCO2 consortium: design of CO₂ dispensing alternatives for different vessel typologies, test bench development, and the data architecture for full-cycle recording (capture → port delivery). Neuwalme is described as providing dispensing and digital traceability systems for energy fluids. The company is also referenced as part of the CAPCO2 Port-Ready consortium submitted to PORTS 4.0.
• willbö + Silecmar + Neuwalme ConsortiumcoreStrategic or Co-development Partner · 1 October 2025The three-entity TECHCO2 consortium covers the full CO₂ capture value chain: willbö (capture system engineering, mass/energy balances, instrumentation), Silecmar (sampling and monitoring), Neuwalme (dispensing and digital traceability). Led by willbö Engineering 2 Build. Project file IN852A 2025/12, GAIN NEXOS 2025 programme, EU co-financed (FEDER Galicia 2021–2027). Launch presented at ASIME Vigo on 15 May 2026.
• Bureau VeritascoreTechnology or IntegrationBureau Veritas issued the Approval in Principle (AiP) for CAPCO2 in April 2026, covering concept, detail design and onboard integration. Bureau Veritas also witnessed and certified the Port of Vigo pilot campaign (October 2025). The class society works with willbö on an ongoing basis for marine engineering projects (BV class reference projects include Juan Pablo II tuna seiner, Evrima). The BV AiP is a key commercial asset for CAPCO2's market entry.
• APBA (Autoridad Portuaria de Bahía de Algeciras)minorStrategic or Co-development PartnerAPBA (Algeciras Port Authority) is a supporting partner in the CAPCO2 Port-Ready consortium submitted to PORTS 4.0 (31 March 2026). The consortium, led by willbö + Silecmar + Neuwalme, aims to validate CAPCO2's port-side regeneration infrastructure at Algeciras and Vigo ports.
• APV (Autoridad Portuaria de Vigo)minorStrategic or Co-development PartnerVigo Port Authority attended the TECHCO2 launch at ASIME (May 2026) and is a supporting partner in the CAPCO2 Port-Ready consortium submitted to PORTS 4.0. Alberto Jaraiz (Head of Ecological Transition and Sustainability, APV) gave an institutional intervention at the launch session. The Port of Vigo is where the CAPCO2 pilot was executed (October 2025).
• NavantiacoreStrategic or Co-development PartnerNavantia is the lead shipbuilder in the NAVANTWING (PP15) and DTNAVAL (PP21) PERTE Naval programmes in which willbö participates. In NAVANTWING, willbö delivered the mixed-reality HMI layer through which engineers interact with the Navantia Digital Twin — hierarchical 3D model, structured technical data, multi-user multi-site remote review, validated on a live CIS demonstrator.
• PYMARcoreStrategic or Co-development PartnerPYMAR (Asociación de Pequeños y Medianos Astilleros) is the consortium coordinator for DTNAVAL (PP21), the PERTE Naval programme where willbö led the XR workpackage. DTNAVAL turned HoloLens from a visualiser into a metrology instrument — validated against laser-scanned point clouds to millimetre tolerance. PYMAR also partners in NAVANTWING (PP15).
• Vigo Port Authority (APV)minorStrategic or Co-development PartnerThe Vigo Port Authority attended and gave institutional support to the TECHCO2 launch at ASIME Vigo (15 May 2026). Alberto Jaraiz (Head of Ecological Transition and Sustainability) described TECHCO2 as aligned with initiatives being launched from the Port of Vigo itself. The port hosted the CAPCO2 pilot in October 2025 and is part of the Port-Ready consortium.
• PERTE Naval Consortium (SOERMAR, Astander, Astican, IDESA, Ership, Progener)coreStrategic or Co-development PartnerThe PERTE Naval TECNAVAL2025 consortium for PP06 (CAPCO2) includes SOERMAR (co-lead), Astander, Astican, IDESA, Ership and Progener alongside willbö. IDESA built the CAPCO2 prototype. SOERMAR co-led the programme. ERSHIP provided the Elena ferry as CAPCO2 validation platform. The consortium is financed by NextGenerationEU.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BMT Group: BMT is an international marine and engineering consultancy offering naval architecture, ship design and offshore engineering services. Closely comparable to Willbo's marine division in scope (concept, basic, detail and production engineering) and customer base (shipyards, owners, EPCs), though at much larger scale and broader geographic footprint.
• OSK-ShipTech: Danish naval architecture and ship design house delivering concept, basic and detail design for shipyards and owners. Directly comparable to Willbo's marine engineering division on vessel types (cargo, offshore, specialised) and engineering deliverables; smaller in size with similar specialisation profile.
• Knud E. Hansen: Danish naval architecture firm offering concept, basic and detail design for cruise, ferry and specialised vessels. Directly comparable to Willbo on marine engineering services, with similar yard and owner customer profile and a comparable specialisation in cruise/expedition vessel design.
• IDOM: Spanish engineering firm with industrial and energy divisions (power, renewables, oil & gas, hydrogen). Closely comparable to Willbo's industrial division in geographies served and customer mix; broader portfolio and significantly larger headcount make IDOM a relevant scale reference.

Broad incumbents

• Sener Engineering: Spanish engineering and technology group with established marine and industrial divisions. Comparable to Willbo across industrial engineering, marine propulsion and turnkey project delivery; much larger and broader portfolio creates an incumbent reference for where Willbo could scale into.
• Wärtsilä Marine: Global marine systems and services leader offering ship power, propulsion and lifecycle solutions including decarbonisation services. Comparable to Willbo's CAPCO2 decarbonisation play at a vastly larger scale; Wärtsilä's alternative-fuel strategy competes with CAPCO2 as a compliance pathway for shipowners.
• Royal HaskoningDHV: International engineering consultancy with dedicated maritime and industrial divisions. Comparable to Willbo in marine and industrial engineering services, with similar shipyard and owner customer mix but at much larger scale and broader portfolio.
• Técnicas Reunidas: Large Spanish EPC contractor executing power, oil & gas, petrochemicals and renewables projects globally. Comparable to Willbo's industrial division on energy and process plant work; an incumbent reference for EPC scale and a customer (through its engineering services procurement) for sub-suppliers like Willbo.

Others

• AVEVA: Industrial software provider whose AVEVA E3D, PDMS and other platforms are the underlying CAD/3D systems Willbo's holö integrates with. Not a direct competitor but an enabling/ecosystem peer whose platform decisions affect Willbo's digital shipbuilding interoperability.
• Bureau Veritas Marine: Classification society that issued CAPCO2's Approval in Principle and witnesses marine engineering projects. Not a direct competitor; included as an ecosystem partner whose standards and approval frameworks materially shape Willbo's go-to-market and product certification pathway.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/willbo

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Willbo