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In April 2017, Miguel Arias and Lorenzo Dávila launched Asta Capital. Just two years later, they successfully acquired Grupo Logiscenter, a leading Spanish technology provider specializing in enterprise mobility, data capture, barcoding, and RFID solutions. The acquisition was backed by Istria Capital, Cabiedes Inversiones, JB46, Fernando Herrero, Luis Camilleri, Antonio Beltrán, and Logiscenter’s seller.
Founded in 2008 in Madrid by Juan Luis Manaute, Logiscenter is a B2B e-commerce company specializing in the sale and distribution of automatic identification and data capture (AIDC) equipment, including label printers, barcode scanners, RFID devices, and mobile computers. The company also supplies point-of-sale (POS) terminals and related accessories, technical-industrial consumables such as labels, ribbons, and specialized computer components, and provides technical consulting services to help businesses implement data capture and identification solutions effectively. With around 50 employees and a strong international presence—approximately 70% of its revenue comes from exports to the EU and the U.S.—Logiscenter partners with leading brands such as Zebra, Honeywell, Datalogic, Epson, Panasonic, and Impinj. When acquired in 2019, the company reported €11.5M in turnover and €1.8M in EBITDA for 2018.
Under the new management, the company has grown significantly, achieving its best year in 2022 with €29.2M in turnover and €3.3M in EBITDA. Operating in over 16 countries and serving thousands of enterprise clients, Logiscenter is recognized for its deep technical expertise, strong customer relationships, and reliable execution of large-scale technology deployments. Today, it is considered a key player in Europe’s AIDC market.
After six years of ownership, both entrepreneurs have achieved a successful exit, selling the company to Levata, a global leader in enterprise IT solutions. Although the price has not been disclosed, this is considered one of the best exits in Spain, taking into account that the company successfully leveraged the three levers of value creation: business growth, having tripled sales and doubled EBITDA; strong cash flows throughout the period; and multiple expansion at exit, which reached double digits. The company’s growth was driven by the international expansion led by these two managers, opening many new markets and restructuring others that were underperforming, as well as by the professionalization of the team and technological upgrades.
The acquisition marks a significant step in Levata’s global expansion strategy, enhancing its ability to deliver a broader portfolio of IT, infrastructure, mobility, and supply chain solutions to enterprise clients on both sides of the Atlantic.
Daniel Nettesheim, CEO of Levata, commented on the strategic importance of the acquisition: “We are excited to bring Logiscenter into the Levata family and work with its leaders to integrate the two companies. Logiscenter expands our reach and capabilities significantly across Europe. It’s a key move in our commitment to enhancing our offering to include networking, enterprise mobility, data capture, and supply chain solutions, and to delivering world-class service to our customers.”
Miguel Arias and Lorenzo Dávila, co-CEOs at Logiscenter, share this perspective: “From the beginning, it was clear that Levata and Logiscenter share a strong culture of innovation, customer-first thinking, and operational excellence. This combination broadens our market presence and enhances the solutions we can offer our customers. We are excited to begin this new chapter and scale our impact even further.”
As an anecdote, they told us that Levata was the success story they presented to their investors six years ago to justify the investment in Logiscenter, and with the entry of the American industrial player, we can say they’ve successfully closed the circle.
Legal: CMS & Grant Thornton
