Panatec

What Panatec does

PANATEC, S.L. is a Madrid-headquartered specialty distributor and integrator of inspection, measurement, and non-destructive testing (NDT) technologies founded in 1994. The company operates three core verticals: Water and Environment (CCTV pipeline inspection, robotic crawler systems, UV LED curing for trenchless rehabilitation, leak detection, water quality monitoring), Industry and Research (videoscopes, XRF/RAMAN/NIR spectrometers, laser vibrometers, high-speed cameras, 3D digital microscopy, vibration analysis), and Defense and Security (thermal binoculars, night vision, surveillance radars, teleoperated subsurface robots). Its product portfolio is largely sourced through exclusive or near-exclusive distribution agreements with global OEMs including WayGate Technologies (formerly GE), Thermo Scientific, iPEK, SAGEM (Safran), Vision Research (AMETEK), Polytec, FLIR, MALA GEOSCIENCE, Radiodetection (SPX), RIDGID (Emerson), SPM Instrument, Hirox, SEWERTRONICS, and Cavitar.

The business model centers on B2B equipment sales through a regional field sales force organized by division, complemented by technical services (repair, maintenance, calibration, training) and custom vehicle integration projects for inspection fleets. PANATEC reaches customers through direct sales from offices in Madrid, Bilbao, Barcelona, Valencia, and Sevilla in Spain; through wholly-owned subsidiaries PANATEC S.A.S.U. (France) and BTI - Bolonia Testing Instruments (Portugal); and via distributor partnerships in Morocco, Tunisia, Senegal, Brazil, Colombia, and Chile. Marketing combines sector-specific microsites, trade exhibitions (e.g., SMAGUA), on-site demonstrations and seminars, video content, and dedicated e-commerce platforms for RIDGID tools. The company is privately held with no disclosed external investors, holds ISO 9001:2015 certification from Bureau Veritas, and operates with 11-50 employees.

Name

Panatec

Legal name

PANATEC, S.L.

Website

https://panatec.net

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

PANATEC, founded in 1994 in Madrid, is a specialty distributor and integrator of inspection, measurement, and non-destructive testing equipment for water infrastructure, industrial research, and defense markets across Spain, France, Portugal, and international partner territories.

Ownership category

akta.pro rank

Product category

Industrial Inspection and Measurement Equipment

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513), Analytical Laboratory Instrument Manufacturing (334516), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Other Measuring and Controlling Device Manufacturing (334519)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Laboratory Analytical Instruments (3826), X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844)

akta.pro primary industry

NDT/NDE Inspection Equipment (Ultrasonic, eddy current, radiography, thermography) (IMAGAFAI)

akta.pro secondary industries

Leak Detection, Emissions & LDAR Testing (OGI, methane, fugitive emissions) (EUAEAHAL), Non-Destructive Testing (NDT) & Inspection Services (IMAIACAI), Non-Destructive Testing (NDT) & Advanced Inspection (Phased Array, TOFD, Guided Wave) (EUAEAKAF), Corrosion Inspection & Coating/CP Surveys (CUI, CP, DCVG/ACVG) (EUAEAHAF), NDT/Inspection & Testing Services (Aviation) (IMABALAJ)

Keywords

• Non-destructive testing equipment
• Pipeline inspection systems
• Industrial measurement instruments
• Water infrastructure inspection
• Thermal imaging systems

Headquarters

HQ city

Pozuelo De Alarcón

HQ country

Spain

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Industrial Inspection Equipment Sales: Distribution and sale of inspection and measurement equipment including videoscopes, industrial endoscopes, fibroscopes, robots, cameras (high-speed, thermal, zoom), spectrometers (XRF, RAMAN, NIR), vibration analyzers, laser vibrometers, georadar systems, and associated software. Primarily one-time hardware sales with optional accessories and consumables.
2. Water Infrastructure Equipment Sales: Sale of CCTV inspection cameras, robotic systems, cutting/fresing robots, pipe rehabilitation equipment, UV curing systems, cleaning equipment, leak detectors, data loggers, and water quality monitoring equipment for sewer and water supply networks.
3. Defense and Security Systems: Supply of thermal binoculars, thermal monoculars, surveillance systems, night vision solutions, surveillance radars, ground-penetrating radar, portable videoscopes, teleoperated robots, and high-speed cameras for military and homeland security applications.
4. Technical Services and Maintenance: Comprehensive repair, maintenance, and calibration services for equipment including videoscopes, thermal cameras, XRF analyzers, and laser vibrometers. Training courses and seminars for equipment operation.
5. Vehicle Integration/Customization: Custom vehicle outfitting (carrozado) projects for inspection equipment, including fully equipped vans with robotic inspection systems, milling equipment, and rehabilitation or cleaning systems as turnkey solutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Panatec supplies and distributes industrial inspection, measurement, and non-destructive testing (NDT) equipment across water infrastructure, industrial/research, and defense sectors. Core offerings include CCTV pipeline inspection cameras, robotic inspection systems (iPEK ROVION, Quickview 360), XRF/RAMAN/NIR/LIBS spectrometers, high-speed cameras, laser vibrometers, thermal imaging systems, ground-penetrating radar, and MercuryRT DIC software, complemented by technical service, calibration, training, and custom vehicle outfitting.

Product overview

Panatec is a specialized provider of technological inspection and measurement solutions serving three main divisions: Water & Environment, Industry & Research, and Defense & Security. The product portfolio centers on visual inspection systems (pipeline CCTV cameras, industrial videoscopes, remote visual inspection tools), analytical instruments (XRF, RAMAN, NIR spectrometers, vibration analyzers, optical emission spectrometers), and high-speed imaging technology. Key product lines include iPEK robotic inspection systems with integrated WinCan software, WayGate Technologies/GE industrial videoscopes, Vision Research Phantom high-speed cameras, Thermo Scientific NITON analyzers, Hirox digital microscopes, MALÅ GEOSCIENCE ground-penetrating radar, RADIODETECTION cable locators, and SAGEM thermal/night vision systems. The company also offers MercuryRT Digital Image Correlation software for optical measurement, Cavitar welding cameras, UV curing systems for pipe rehabilitation, and various specialized sensors and monitoring equipment. Panatec operates through regional offices in Spain (Madrid, Bilbao), Portugal, and France, with international presence through distributors in Morocco, Tunisia, Senegal, Brazil, Colombia, and Chile.

Differentiator

Problem solved

Functional benefit

Products and services

• CCTV and Pipeline Inspection Camera Systems Complete range of inspection cameras for sewer networks and pipelines including manual push cameras, robotized teleoperated systems, nozzle cameras for cleaning trucks, and pole cameras with HD digital recording and wireless video transmission. Covers pipe diameters from 40 mm to 2,000 mm with cable lengths up to 500 m. Sold to water utilities, sewer contractors, and municipal inspection service providers.
• iPEK ROVION Robotic Inspection System Modular robotic crawler system for visual inspection of sewer pipes from 100 mm to 2,000 mm diameter. Features 6x6 steerable tractor, zoom camera with defect measurement, winch up to 500 m cable, and integrated WinCan reporting software with touchscreen control unit. Sold to municipal water utilities and pipeline inspection contractors.
• Quickview 360 Inspection Camera Pole-mounted inspection camera combining maneuverability with deep data capture and cloud-based reporting. Generates AI-encoded results and 3D models from a 5-minute condition assessment. Used by sewer inspection crews for rapid manhole and chamber surveys.
• Mentor Visual iQ+ VideoProbe Advanced industrial videoscope with 3D measurement capability, AI-driven defect recognition, and cloud-based digital workflow tools. Features interchangeable probes for inspection of engine interiors, turbines, tubes, and process components. Sold to aerospace, power generation, oil and gas, automotive, and quality-control laboratories.
• Industrial Videoscopes and Remote Visual Inspection (RVI) Systems Industrial videoscopes, fiberscopes, rigid endoscopes, and teleoperated robots producing high-quality images of engine interiors, turbines, gearboxes, tubes, and critical process components. Used in refineries, power generation, automotive, aviation, and quality control sectors for non-destructive visual inspection.
• Thermo Scientific NITON XL5 Portable XRF Analyzer Portable X-ray fluorescence analyzer from the Thermo Scientific NITON family for instant alloy and metal spectrometry, positive material identification (PMI), soil analysis, mining, and art authentication. Distributed with required XRF operator training aligned with CSN recommendations.
• Thermo Scientific Niton Apollo LIBS Analyzer Portable Laser-Induced Breakdown Spectroscopy analyzer for carbon analysis in metals and alloys. Brings laboratory-grade OES-equivalent carbon measurement to a handheld form factor for metallurgy, manufacturing QA, and scrap sorting.
• RAMAN Portable Analyzers (Thermo Scientific) Portable RAMAN analyzers for compound identification in pharmaceutical, chemical, plastics, and food industries using Raman spectroscopy. Distributed by Panatec across the Iberian and French markets.
• NIR Spectrophotometers (Thermo Scientific) Portable near-infrared analyzers for in-situ raw material and food analysis, plastic and polymer classification, asbestos detection, and quantification testing. Used by laboratories and process manufacturers across Iberia and France.
• Thermo Scientific ARL easySpark Optical Emission Spectrometer Compact table-top optical emission spectrometer for rapid, accurate, and reliable elemental analysis from trace to percentage levels. Designed for foundries and metal processors requiring in-house alloy verification and quality control.
• Vision Research Phantom High-Speed Cameras High-speed digital cameras for industry and research capturing ultra-fast events including automotive crash testing, military ballistic and explosion applications, material and fluid research, and high-speed cinematography. Distributed exclusively in Iberia and France under the Vision Research (AMETEK) partnership.
• Polytec Laser Vibrometers Single-point, scanner, and 3D laser vibrometers for non-contact vibration measurement on points, planes, differential movements, rotational vibrations, and microscopic vibration visualization. Used by research laboratories, automotive NVH teams, and aerospace manufacturers.
• SPM and Leonova Vibration Analyzers Portable vibration analyzers using Shock Pulse Method (SPM) technique, online condition-monitoring analyzers, laser alignment systems, and management software for predictive maintenance of rotating machinery. ATEX-certified variants available for hazardous zones.
• Hirox Digital 3D Microscopes Digital microscopes with rotating objective for all-angle vision, 3D profiling, high-speed precision measurements, Full HD video at 24 fps, and 5,700 K LED illumination for accurate color and texture reproduction. Used in electronics, micro-mechanics, and materials laboratories.
• FLIR Thermographic Cameras Wide range of thermal imaging cameras for industrial and building diagnostics. Detects hotspots and temperature distribution in electrical installations, mechanical equipment, and building envelopes for predictive maintenance and energy audits.
• MALA Ground Penetrating Radar (GPR) Systems Ground-penetrating radar systems for buried utility detection, thickness measurement, cavity location, and borehole inspection. Supplemented by ABEM seismic and geoelectric instruments for comprehensive geophysical prospecting. Used by civil engineering contractors, geotechnical consultants, and archaeologists.
• Radiodetection Cable and Pipe Locators Wide range of locators for precise cable location, horizontal directional drilling control, electrical cable fault detection, and cathodic protection point identification. Sold to utility contractors, water utilities, and telecoms operators.
• Ultrasonic Testing Equipment Ultrasonic testing equipment, verification machines, probes, and software for internal defect detection and evaluation in welds, castings, and composite components. Used by NDT service providers and in-house inspection teams in aerospace, energy, and manufacturing.
• MercuryRT Digital Image Correlation (DIC) Software Digital Image Correlation software for full-field 2D/3D optical measurements without contact. Measures contours, deformations, vibrations, and strains on virtually any material with real-time online data acquisition and processing. Sold to research laboratories and materials testing facilities.
• Cavitar Welding Cameras Welding cameras that enable clear visualization of welding processes as if they were cold. Sold to automotive, shipbuilding, and heavy industry welding operations for weld pool monitoring and quality documentation.
• SpeedyLight UV LED Curing System UV LED rapid curing system for trenchless sewer network renovation. Curing speeds from 0.30 m/min to 1.30 m/min depending on LED head type and pipe diameter, with systems for circular and ovoid sections up to 1,500 mm.
• Milling and Cutting Robots for Pipe Rehabilitation Robotized milling and cutting systems for pipe preparation, lateral restoration, and joint repair in sewer networks. Includes the IBG HYDROCUT 200 unit. Used by trenchless rehabilitation contractors.
• Trenchless Pipe Rehabilitation Equipment Equipment for rehabilitation and lining of sewer networks without trench excavation, complemented by obturators and packers for pressure and watertightness testing. Sold to municipal contractors and trenchless rehabilitation specialists.
• SAGEM Thermal Binoculars, Monoculars and Night Vision Systems Thermal imaging binoculars and monoculars (including SWORD thermal rifle sights and JIM LR portable thermal binoculars) plus night vision systems for armed forces, homeland security, and operational units. Provides surveillance, reconnaissance, and target acquisition capabilities.
• Surveillance Radar Systems Ground surveillance radar systems for perimeter security, infrastructure protection, and defense applications. Detects and tracks persons, vehicles, and low-altitude aerial targets over wide areas.
• Leak Locators and Detection Systems Acoustic-based leak detection systems including listening geophones, digital correlators, and multi-correlators for water loss reduction in potable water distribution networks. Sold to municipal water utilities and leak detection service providers.
• Vehicle Customization and Outfitting (Carrozado) Services Custom vehicle outfitting projects for inspection equipment, including fully equipped vans with robotic inspection systems, milling equipment, and rehabilitation or cleaning systems as turnkey solutions. Sold to municipal utilities and inspection contractors.
• Technical Maintenance, Repair, and Calibration Services Comprehensive repair, maintenance, and calibration services for distributed equipment including videoscopes, thermal cameras, XRF analyzers, and laser vibrometers. Includes operator training courses on XRF analyzers aligned with CSN recommendations and seminars on videoscopes, laser vibrometers, and related instruments.

Quantifiable outcome

• UV LED curing speeds from 0.30 m/min to 1.30 m/min depending on configuration
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability8 records

Feature6 records

Partnerships

15 partnerships are on record, tiered core and minor.

• WayGate Technologies (formerly General Electric)coreTechnology or IntegrationExclusive/near-exclusive distribution partner for WayGate Technologies industrial inspection products including Mentor Visual iQ+ videoscope with 3D measurement and AI capabilities, Mentor Flex videoscope, and WayGate CT/X-ray tomography systems for non-destructive testing applications.
• Thermo Scientific (Thermo Fisher Scientific)coreTechnology or IntegrationDistributor for Thermo Scientific portable analyzers including Niton XRF analyzers (XL2, XL5, FXL), RAMAN portable analyzers, NIR spectrophotometers, ARL easySpark optical emission spectrometer, and Niton Apollo LIBS analyzer for carbon analysis in metals and alloys.
• iPEKcoreTechnology or IntegrationExclusive distributor for iPEK robotic inspection systems including ROVION system for pipelines 100-2000mm, AGILIOS manual push camera system, and specialized nozzle cameras for cleaning trucks. Includes robotic milling/cutting robots for pipe rehabilitation.
• SAGEM (Safran)coreTechnology or IntegrationDistributor for SAGEM optronic defense solutions including SWORD thermal rifle sights, JIM LR portable thermal binoculars, and surveillance systems for military and security applications.
• Vision Research (AMETEK)coreTechnology or IntegrationDistributor for Vision Research high-speed cameras including Phantom TMX 7510 series with data rates of 75 GPx/sec for industrial, military, and research applications including crash testing, ballistics, materials research, and advertising production.
• PolyteccoreTechnology or IntegrationDistributor for Polytec laser vibrometers and surface metrology systems. Products include single-point, scanner, and 3D scanner vibrometers for non-contact vibration measurement, and white-light interferometry-based surface metrology equipment.
• FLIR SystemscoreTechnology or IntegrationDistributor for FLIR thermal cameras for industrial applications and building diagnostics, covering wide range of thermography solutions for detecting hotspots and temperature distribution.
• MALA GEOSCIENCEcoreTechnology or IntegrationExclusive distributor for MALA georadar (GPR) systems for geophysical prospecting, geotechnical applications, infrastructure inspection, and underground utility detection. Complementary equipment includes ABEM seismic and geoelectric instruments.
• Radiodetection (SPX Technologies)coreTechnology or IntegrationDistributor for Radiodetection cable and pipe locators covering precise cable location, horizontal directional drilling control, cable fault detection, and cathodic protection monitoring. Includes RD7100 series locators and pipe inspection cameras.
• RIDGID (Emerson)coreChannel Partner/ Reseller/ DistributorAuthorized RIDGID distributor in Spain for tools and equipment for pipe inspection cameras, pipe location, drain cleaning (dry and water jet), and general pipe tooling. Operates specialized e-commerce platforms goRIDGID and tiendaridgid.com.
• SPM InstrumentcoreTechnology or IntegrationDistributor for SPM vibration analyzers using Shock Pulse Method (SPM) technique, including portable vibration analyzers, online monitoring systems, laser alignment tools, and ATEX-certified versions for hazardous areas.
• HiroxcoreTechnology or IntegrationDistributor for Hirox digital 3D microscopes including HRX-01 model with rotating objective for all-angle vision, 3D profiling, high-speed precision measurements, Full HD video at 24fps, and 5,700K LED illumination for color/texture reproduction.
• SEWERTRONICScoreTechnology or IntegrationDistributor for SEWERTRONICS UV LED curing systems (SpeedyLight) for rapid sewer pipe rehabilitation with curing speeds from 0.30 to 1.30 m/min.
• GEONICAminorStrategic or Co-development PartnerSister company specializing in design and manufacture of automatic weather stations and remote data acquisition solutions. Complementary product line for environmental monitoring applications.
• CavitarcoreTechnology or IntegrationDistributor for Cavitar welding cameras enabling clear visualization of welding processes as if cold. Solutions range from compact complete visualization systems to highly customizable setups with integrated laser illumination.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Bruker: Global manufacturer of portable and laboratory XRF, OES, and analytical instruments. Competes with Thermo Scientific analyzers that PANATEC distributes, particularly in metals and materials analysis.
• Hach (Danaher): Global incumbent in water quality monitoring and analysis instrumentation. Overlaps with PANATEC's water quality systems and data loggers, but serves a much broader portfolio across municipal, industrial, and laboratory customers worldwide.
• Leica Geosystems (Hexagon): Global provider of surveying, georadar, and detection equipment. Overlaps with PANATEC's MALA GEOSCIENCE georadar and Radiodetection utility-locating portfolio in geotechnical and infrastructure applications.
• Evident (formerly Olympus Industrial): Manufacturer of industrial videoscopes, ultrasonic flaw detectors, and NDT equipment. Competes with WayGate Technologies and other PANATEC-distributed brands in the same industrial visual inspection category.

Direct peers

• Rioned: European manufacturer of high-pressure cleaning and pipe rehabilitation equipment. Comparable to PANATEC's cleaning, milling, and trenchless rehabilitation offerings in the municipal water sector.
• CUES: US-based manufacturer of pipeline inspection and rehabilitation equipment (CCTV, crawlers, grout systems). Highly comparable to PANATEC's iPEK-distributed water inspection portfolio in product scope, though CUES is a manufacturer rather than distributor.
• Aries Industries: Manufacturer of CCTV pipeline inspection equipment, lateral launch systems, and rehabilitation machinery for wastewater utilities. Direct overlap with PANATEC's water division on product category and customer type.
• Envirosight: Provider of sewer and pipeline inspection systems including crawlers, zoom cameras, and reporting software. Comparable product overlap with PANATEC's robotic and CCTV inspection line, serving the same municipal water utility customer base in North America.
• IBAK Helmut Hunger: German manufacturer of sewer inspection cameras, crawlers, and software. Like PANATEC's iPEK line, IBAK focuses on the same municipal sewer inspection market in Europe, making it a direct competitor for both customers and OEM partnerships.

Regional players

• Stemmer Imaging: European technical distributor of machine vision, sensors, and imaging components. Comparable to PANATEC's industrial inspection distribution model, with a pan-European footprint and similar value-added integration services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/PANATECMarketing?feature=mhsn
• Facebookfacebook.com/panatecsl

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries9 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 Panatec