MatHolding accelerates growth plan with record €60 Million investment in 2024
MatHolding will invest €60 million in 2024, mainly in the acquisition of strategic production assets. Under the leadership of Chairman Pau Relat, the group is tripling its pace of investment compared to previous years, aiming to reach €500 million in sales within five years and become a global leader in sustainable agriculture solutions and efficient water management.
In 2023, MatHolding recorded sales of €336 million, down 7.7% from the previous year due to the impact of drought—reducing demand for crop protection products—and disruptions in the supply chain affecting its water technologies division. Of total sales, 35% came from the Spanish market, with 65% generated internationally. By division, the agriculture businesses (IQV, Regaber, Vegga) contributed €206 million (down 7.8%), while the water businesses (Aquestia, STF, Hidroglobal) contributed €130 million (down 7.3%).
Chairman Pau Relat highlighted that 2023 was a challenging year, yet the group made significant progress in its strategic growth lines, including the launch of the digital agriculture platform VEGGA, the development of TerraNostra (a company focused on the transformation of farmland into high-value crops), and growth through corporate acquisitions.
The group’s investments are aimed at strengthening its two divisions—solutions and technologies for sustainable and efficient management of water and agriculture—on a global scale.
On the agricultural side, the company signed the formal acquisition last Friday of the Quart de Poblet plant (Valencia) from German multinational Bayer, a deal that had been announced a year ago. The plant employs 69 people and will allow MatHolding, through its crop protection division IQV, to expand its production capacity and double its third-party manufacturing activity in both conventional and biorational crop protection products (naturally derived or synthetic substances with similar functions, designed for crop protection with minimal environmental and human health impact).
In parallel, within the water technology division, the group has three acquisitions currently underway. These will enhance its capabilities in filtration and valve solutions and further expand its industrial footprint internationally.
Relat noted that the group is growing at a rate of 15% in the first quarter of 2024 compared to the same period last year and expects to approach €400 million in turnover by the end of 2024.
