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Launched by Pedro Dorea in August 2024, Minerva Capital has announced the acquisition of a majority stake in TSE Engenharia e Automação, a leading Brazilian engineering company specializing in industrial automation. Ten investors have backed the acquisition, including Spectra Investments, KYR Capital, TMB3 Fund, Solum Capital, Cabiedes Capital, and Cromwell Harbor, among others.
Founded in 1990, TSE Engenharia e Automação provides industrial automation, electrical services, and digital transformation solutions to some of the world’s largest industrial companies, including Nestlé, Unilever, Heineken, Cargill, and Bunge. The company, which employs more than 700 professionals, has built extensive experience delivering customized projects for industrial and building applications, combining engineering expertise, advanced technology, and innovation. TSE offers a broad range of solutions, including industrial automation, electrical panels, electrical installations, process control, and Industry 4.0 initiatives, helping companies improve productivity, efficiency, and operational performance. The company has grown by around 35% annually over the past five years and is expected to reach US$40M in revenue in 2026.
Pedro commented: “Our goal is to build a platform offering a full portfolio of industrial solutions, including cybersecurity, cloud technologies, sensors, industrial software, and other cutting-edge solutions. To achieve this, we will rely on the support of leading OEMs and technology providers, such as Siemens and other global companies.”
“This acquisition reinforces the company’s strength and expands our capacity for investment, innovation, and growth, while preserving the values that have shaped our journey over the years.”
M&A: Imeri Capital
