The consultancy Incotec has joined the international network ABGi, which expects to generate 100 million this year. Incotec will contribute 14 million and hire 20 people in 2027.
The consultancy specialised in innovation Incotec has joined the international network ABGi, as confirmed by its general director, Alejandro Ferrero. The operation, completed three months ago, will allow the Spanish firm to access larger clients and support its existing clients abroad. The ABGi group, present in nine countries, with 700 consultants and over 5,000 clients in Europe and America, expects to generate 100 million euros this year, of which Incotec will contribute 14 million, according to El Periódico de Aragón.
Ferrero describes the integration as having "brutal synergies" and emphasises that they are already noticing the scale of the group. "It will allow us to access larger clients and support those we already had internationally," he states. The company plans to hire around twenty people next year and exceed 20 million euros in revenue in Spain within five years.
Incotec has offices in Madrid, Barcelona, Valencia, Bilbao, Vitoria, Zaragoza, Sevilla, Vigo, and Tenerife, as well as a headquarters in Cologne (Germany). About 85% of its clients are industrial, a profile that Ferrero considers key for growth. "If 100 million tourists come to Spain each year, those visitors need to be fed, and that drives the food industry, which is the first industry in this country," he argues.
Despite this sector optimism, the executive places Spain far below the European average in R&D investment. The country allocates 1.5% of GDP, compared to 2.2% in the EU, and well below Germany, which exceeds 3%, or Israel and South Korea, which hover around or exceed 6%. "The private sector does not have as large a weight as in other countries," laments Ferrero, who attributes this gap to the risk aversion of Spanish capital. "Without entrepreneurs, there is no private R&D, and without private R&D, our figures do not improve," he concludes.
The chemical, pharmaceutical, and biotechnology sectors are the ones driving innovation in Spain the most, according to the executive, who considers the biotechnology sector to be "a global powerhouse." He also sees potential in information technology and cybersecurity. The end of the Next Generation European funds will mark the future evolution of these investments, although Ferrero acknowledges that they have allowed for the development of ambitious projects in industries that were previously almost non-existent.
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