Lisbon, Portugal – In a significant move for the engineering and digital consulting sectors, Portuguese firm Quadrante has acquired Inprocess Technology and Consulting Group, a Spanish leader in process simulation and digital twins for the oil & gas industry. The deal, finalized this month, propels Quadrante past the 140 million euro mark in annual revenue and expands its global footprint, particularly in the rapidly evolving field of digital twin technology. This acquisition underscores a growing trend of consolidation within the engineering and technology consulting space, as companies seek to offer more comprehensive solutions to complex industrial challenges.
The acquisition of Inprocess, headquartered in Barcelona, represents a strategic step in Quadrante’s international expansion, according to the company. Quadrante, which specializes in engineering consultancy, now boasts a team of over 1,500 professionals. The move builds on previous strategic acquisitions in Spain – Meta Engineering and Izharia – and the United States (Right Analytics), solidifying its position as a major player in the Iberian Peninsula, and beyond. The financial terms of the deal were not disclosed.
Expanding Capabilities in Digital Twins and Oil & Gas
Inprocess brings to Quadrante a recognized expertise in the development and operation of digital twins, a technology that creates virtual replicas of physical assets, processes, and systems. These digital models are used to optimize performance, reduce risks, and improve efficiency across various industries, but particularly within the energy sector. Inprocess serves major oil and gas companies including Exxon, Chevron, BP, ENI, and Repsol, with offices in strategic locations such as Houston, Kuala Lumpur, and Rio de Janeiro. The company’s focus on simulation and digital twins addresses a critical demand for enhanced operational efficiency and safety in a sector facing increasing pressure to reduce its environmental impact.
According to Quadrante, the integration will follow a stand-alone model, preserving the Inprocess brand and maintaining Oriol Millán as CEO. Importantly, the existing shareholders of Inprocess have reinvested in Quadrante, signaling a strong alignment with the group’s long-term vision. This reinvestment suggests confidence in Quadrante’s strategic direction and the potential for synergistic growth.
A Synergistic Partnership: Engineering and Digital Innovation
Nuno Costa, CEO of Quadrante, emphasized the innovative potential of the alliance, stating that it will allow the company to offer solutions that directly impact the efficiency and sustainability of client operations. “The offer of integrated services based on Engineering-Digital-Sustainability allows us to address customer problems in a differentiated way,” Costa said in a company statement. This integrated approach reflects a broader industry trend towards combining traditional engineering expertise with cutting-edge digital technologies.
As part of the agreement, Quadrante is transferring its Digital Twins unit to Inprocess, creating a specialized platform with an ambitious goal: to quintuple its size within the next four years. This consolidation of digital twin capabilities demonstrates Quadrante’s commitment to becoming a leader in this emerging field. Inprocess itself aims to grow three to five times its current size over the next three to four years, fueled by international expansion and strategic acquisitions.
Financial Performance and Future Outlook
Inprocess reported revenues exceeding 15 million euros in 2025, with a team of 165 professionals, primarily chemical engineers. Prior to the acquisition, Quadrante recorded nearly 125 million euros in revenue in 2025, with 1,350 employees. The combined entity represents a significant force in the engineering and technology consulting landscape.
Quadrante’s presence extends beyond Portugal, Spain, and Romania, with activities in Africa, South America (Chile, Brazil, Colombia, Peru, and Panama), and North America (Mexico and the USA). The company serves a diverse range of clients across the Energy, Mobility, and Sustainable Cities sectors, including developers, infrastructure owners, financial institutions, and public administrations.
The acquisition is backed by Henko Partners, a Spanish private equity firm that holds a 49.5% stake in Quadrante since January 2024, alongside the original founding partners.
Looking ahead, Quadrante and Inprocess are poised to capitalize on the growing demand for digital solutions in the energy sector and beyond. The combined expertise and expanded global reach position the company for continued growth and innovation. Further updates on the integration and expansion plans are expected in the coming months.
Have your say: What impact do you think this acquisition will have on the digital twin and oil & gas industries? Share your thoughts in the comments below.
