What The INDASA Group does

The INDASA Group (legal name INDUSTRIAL DE ACABADOS S.A.) is a privately-held Spanish industrial services company founded in 1968 in Gijón, Asturias, specializing in metallic surface treatment, repair, painting, and scaffolding assembly, rental, and sale. Its core offering bundles surface preparation (dry abrasive blasting, hydroblasting up to 3000 bar, dry ice, laser cleaning, induction paint stripping), coating application (zinc silicate, epoxy, polyurethane, silicone, and metallization via electric arc spray), quality control under FROSIO/NACE-certified site managers and Norsok-trained technical staff, and scaffolding access solutions backed by over 1,000,000 m3 of multi-directional scaffolding inventory and proprietary engineering design software.

The company serves three verticals: naval (its core business, covering shipyards and offshore operators), industrial (refineries, wind turbines, power stations, chemical plants, steel foundries), and civil (buildings, viaducts, and facade restoration). Its go-to-market is direct field service delivery through five Spanish offices (Gijón, Narón, Puerto Real/Cádiz, Erandio/Bilbao, and Cartagena) plus international project execution in the Netherlands, France, Portugal, Brazil, and Uruguay. Notable enterprise engagements include NAVANTIA (250,000+ m2 ballast tank treatment on LNG Edo and LMG Abuja), DAMEN (210,000+ m2 FPSO rejuvenation for Maersk Oil's Gryphon A), Transocean (GSF Arctic III), Hapag-Lloyd Cruises (Europa 2), CEPSA, PETRONOR, and ECOTECNIA.

INDASA generates revenue through project-based professional services (surface treatment and painting) and hardware sales (scaffolding rental and sale), with pricing tailored per project and not publicly disclosed. The company is qualified under ISO 9001, ISO 14001, ISO 45001, and PECAL (NATO AQAP) certifications, the latter held at the Narón delegation and valid until August 31, 2027, supporting access to naval, defense, and offshore tenders. Headcount is approximately 420 professionals; the company is led by Director General Sergio Andrés Vidal Muga and operates as a Sociedad Anónima with no parent company, funding rounds, or public listing.

Name

The INDASA Group

Legal name

INDUSTRIAL DE ACABADOS S.A.

Website

https://indasa.com

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

501–1,000 employees

Short description

The INDASA Group is a privately-held Spanish industrial services firm (founded 1968, ~420 staff) that delivers metallic surface treatment, painting, and scaffolding assembly for naval, industrial, and civil clients, executing large-scale projects across Europe and South America.

Ownership category

akta.pro rank

Product category

Industrial Surface Treatment Services

NAICS

Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers (332812)

SIC

Coating, Engraving & Allied Services (3470)

akta.pro primary industry

Surface Preparation & Abrasive Blasting (Sand/Grit/Shot/Waterjet) (IMAIAKAC)

Keywords

• Surface treatment services
• Industrial painting services
• Marine surface preparation
• Scaffolding rental systems
• Metallic coating services

Headquarters

HQ city

Narón

HQ country

Spain

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Metallic surface treatment and repair services: Core revenue stream: treatment and repair of metallic surfaces using methods including hydroblasting, dry abrasive blasting (steel shot, copper slag, sponge abrasive), manual/mechanical cleaning, freshwater pressure washing, dry ice, laser cleaning, and induction paint stripping. Also includes metalization (arc spraying) services.
2. Painting and coating application services: Application of paints and coatings across naval, offshore, industrial and civil sectors. Services include single-layer to 3-layer and 3-retouch paint systems, zinc silicate application, epoxy coatings, and specialized finishes. Site managers are FROSIO/NACE certified and technical staff trained to Norsok standard.
3. Scaffolding assembly, rental and sale: Over 1,000,000 m3 of multi-directional scaffolding available for rental and sale. Services include assembly and disassembly, with advanced engineering programs for design. As a scaffolding wholesaler, INDASA maintains operational warehouse stock for rapid deployment.
4. Scaffolding and elevation systems rental: Rental and sale of lift systems alongside scaffolding. Company is a wholesaler of scaffolding and elevation systems with logistics capacity to maintain operational stock for rapid deployment at competitive costs.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

The INDASA Group provides industrial surface treatment, repair, and painting services for metallic structures, together with scaffolding assembly, rental, and sale of multi-directional scaffolding and lift systems. Core work spans surface preparation (hydroblasting, dry abrasive blasting, dry ice, laser cleaning, induction paint stripping), coating and paint application, metallization, and scaffolding solutions, delivered primarily to naval/shipbuilding clients and extended to industrial and civil sector customers.

Product overview

The INDASA Group operates as an industrial services company specializing in metallic surface treatment, repair, and painting, alongside scaffolding and lift system provision. The company offers a unified service portfolio centered on surface treatment (blasting, hydroblasting, metallization), painting application, and scaffolding assembly/rental. Core services include Surface Treatment, Surface Preparation, Quality Control, and Scaffolding Assembly, supported by auxiliary services such as Washing/Grease Removal, Abrasive Removal, and Preliminary Protection. The company also operates specialized Blast Chambers for indoor work and provides Metallization services using electric arc projection. Services are delivered across three primary sectors: Naval (offshore structures, tank coating, ship hulls), Industrial (refineries, wind turbines, power stations), and Civil (buildings, viaducts, infrastructure). The company maintains over 1,000,000 m3 of multi-directional scaffolding capacity and employs advanced engineering programs for project design.

Differentiator

Problem solved

Functional benefit

Products and services

• Surface Treatment and Painting

Quantifiable outcome

• 100% effectiveness in naval and offshore sectors
• +4 more outcomes

Named customers11 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

Feature4 records

Partnerships

One partnership is on record.

• Instituto Técnico de Preparación y Tratamiento de Superficies (STPA)minorStrategic or Co-development PartnerINDASA participated in STPA 2012 as a gold sponsor of the technical session on anticorrosive protection. The company received the PREMIO OTPTS-STPA 2012 A LA PROYECCION INTERNACIONAL from this institute recognizing international market development.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Brand Industrial Services: UK-headquartered specialist in scaffolding, insulation, asbestos removal and surface treatment for industrial and offshore clients. Closely comparable to INDASA in its scaffolding-led industrial services model and offshore/energy customer base.
• Bodycote: Bodycote is a global provider of heat treatment and surface treatment services (including shot blasting and coatings). Comparable to INDASA in delivering specialized surface preparation and metal-finishing services to industrial customers.
• Sparrows Group: Sparrows delivers specialist offshore services including inspection, maintenance, surface treatment and lifting equipment to the offshore oil & gas and wind sectors — closely aligned with INDASA's offshore rig and FPSO surface-treatment work.
• Cape plc (now part of Orlen Unipetrol): Cape provides industrial services including surface treatment, scaffolding, insulation and access solutions to the oil & gas, power and infrastructure sectors. Directly comparable to INDASA's industrial painting, scaffolding and corrosion-protection offering.
• Aalberts Surface Technologies: Aalberts operates a global surface-treatment network (anodizing, plating, heat treatment, coating) for industrial customers. Comparable in providing specialized metallic surface-finishing services at scale, though with a different end-market mix.

Others

• Hempel: Hempel is a global coatings manufacturer whose products (HEMPADUR, HEMPATHANE, INTERTHERM) are visibly used by INDASA on refinery and wind-turbine jobs. It is an upstream supplier in the same value chain rather than a direct competitor.
• Jotun: Jotun is a global paints and coatings manufacturer serving marine, offshore and protective-coatings segments. Like Hempel, it is a coatings supplier in INDASA's value chain and an indirect competitor where it bundles application services into its offering.

Broad incumbents

• Bilfinger: Bilfinger is a European industrial-services group delivering maintenance, surface treatment, scaffolding and corrosion-protection services across process industries. Comparable to INDASA in offering integrated surface treatment and scaffolding with multi-country execution.
• Wilhelmsen Ship Management: Wilhelmsen is a global maritime services group offering ship management, marine products and aftermarket services. Overlaps with INDASA's naval customer base through marine services and represents a potential partner/channel for surface-treatment contracts.
• Stork Technical Services (a Fluor company): Stork, now part of Fluor, is a Netherlands-headquartered industrial services provider offering surface treatment, scaffolding, insulation, maintenance and modification services to the oil & gas, petrochemical and power industries — directly comparable to INDASA's naval, offshore and industrial painting portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 The INDASA Group