Top 10 Highlights of GPAINNOVA in 2022
This is the best time to take stock of GPAINNOVA’s achievements in 2022. Even if the last twelve months have not been easy —it was the year of the spread of the SARS-CoV-2 Omicron variant, the Russo-Ukrainian War, severe supply chain disruptions, a spike in inflation, and global economic uncertainty—, GPAINNOVA managed to close it successfully. New machines and technological solutions on the markets, more awards and recognitions, and strategic partnerships with key players are some of the main milestones.
1. Annual Turnover of €26 Million, 12 Percent More than in 2021
GPAINNOVA increased its annual turnover from €23.2 million in 2021 to €26 million in 2022, which means €2.8 million and 12 percent more than the year before. GPAINNOVA has thus accumulated six consecutive years of growth and multiplied by 43 the 2016 figure (€600,000). This trend was accentuated in the last quarter, when turnover was 52 percent higher than in the same period of the previous year (€13.12 million in 2022 compared to €8.65 million in 2021).
The organization also consolidated its sales in the industrial sector and in international markets, achieving machinery sales in 40 countries on five continents. Foreign trade played a major role in business activity, with exports accounting for 95% of last year’s turnover.
2. Among the Europe’s Fastest Growing Companies for the 3rd Consecutive Year, According to Financial Times
GPAINNOVA was featured for the third consecutive time in the Europe’s 1,000 Fastest Growing Companies list, compiled by Financial Times and the German data provider Statista. This annual ranking identifies the European companies with the strongest revenue growth between 2017 and 2020. GPAINNOVA ranked 192nd in Europe and 9th in Spain, being the 4th European company and the 1st in Spain in the industrial goods sector.
In this edition, the minimum compound annual growth rate (CAGR) required to make the list was 36.5 percent, a notch above the 35.5 percent needed for last year’s ranking. GPAINNOVA triples this percentage (103.68 percent), and its absolute growth rate was 744.97 percent.
On the other hand, GPAINNOVA was selected in November as one of the 10 Best Industrial Machinery Companies to Watch in 2022 by Insights Success.
3. New Products and Technologies
GPAINNOVA launched in 2022 new machines and solutions in the field of metal surface finishing, its main business line.
DLyte 100PRO Series
Last June, GPAINNOVA featured DLyte 100PRO, the largest and most advanced compact machine for industrial applications based on dry electropolishing. This new equipment overcomes current constraints on the traditional polishing machines and offers a wider range of options to automate the postprocessing process in industrial sectors. The new machine is suitable to treat the most common metals used by the industry: steel, cobalt-chrome, titanium, copper-based, nickel-based, and aluminum groups.
This machine fulfills the specifications of high-demanding standards. Its software logs key parameters and warnings within the process, thus assuring traceability of the processed batch. All data can be easily extracted and analyzed through the ethernet and USB ports. The new hardware enhances the user experience with an advanced PLC electronics and is designed with robust and reliable mechanics to work continuously in mass production. The new equipment improves performance of DLyte 100 applying asymmetric pulses and parameter concatenation. It is able to increase the electrolyte media lifespan thanks to a precise process monitoring and media conditioning system. In addition, its new safety system includes a warning light tower which indicates the machine status, and antisabotage security system.
The equipment has another version: DLyte 100PRO Carbides, for surface finishing of hard metals.
Presented in May, Dry Suspension consists in a new electrolyte that combines polymer particles and a non-conductive liquid, specially designed to improve the results of conventional dry electropolishing processes. It is recommended for the treatment of industrial parts with occluded areas, or for those that need to meet the highest standards of quality and tend to oxidize easily.
A New Development of Surface Finishing Processes for Tungsten Carbides
GPAINNOVA achieved last year significant advances in surface finishing for cemented carbides, also known as hard metal (WC-Co), by means of DryLyte, a dry electropolishing technology created by the business group. The process has been recently perfected for this kind of metals. This new electrolyte and the process itself was patented by three GPAINNOVA’s professionals: Marc Sarsanedas, Guiomar Riu, and Joan Josep Roa.
4. GPAINNOVA is Widely Awarded and Recognized
Awards are a reminder of the company’s efforts and commitment. This year, GPAINNOVA received several distinctions. The earliest recognitions, in February, were two European Enterprise Awards, granted by the economic and financial magazine EU Business News. GPAINNOVA was awarded there as the Best Multinational Industrial Technology Group 2021. In addition, one of its latest innovations, DLyte Desktop Series, was selected as the Most Innovative Electropolishing Machine in 2021.
GPAINNOVA was also granted further awards and recognitions in 2022: the Innova Award at the Empresa de l’Any (Company of the Year) Awards 2021, organized by El Periódico and Banc Sabadell; the Innovation Award at the Surfair Congress, in Biarritz (France); the TCT Post-Processing Award 2022 with DLyte eBlast, and the distinctive label of ‘Catalonia Exponential Leaders’, which recognizes it as one of the most disruptive Catalan companies.
In addition, SEABOTS, GPAINNOVA’s spinoff specializing in exploration, restoration and preservation of marine environments, was one of the finalists of the Monaco Smart & Sustainable Marina Award 2022, being selected as the best company in the category of Optimizing Water.
5. Helping to Turn Spain into the Main Electric Vehicle Hub in Southern Europe
POWER INNOTECH, GPAINNOVA’s spinoff focused on power electronics and energy efficiency, became last autumn one of the 62 companies involved in the Strategic Project for Economic Recovery and Transformation program (in Spanish, PERTE) for the Electric and Connected Vehicle (in Spanish, VEC), with the ambition of turning Spain into a hub for electric vehicles in Europe. It is the largest business grouping in the history of the automotive industry in Spain.
The core pillar of the Future: Fast Forward project, led by SEAT, S.A., and the Volkswagen Group, aims to electrify the Martorell and Pamplona factories. The second pillar of the business group’s project is the creation of the entire battery ecosystem for electric cars in Spain, ranging from lithium extraction in the mines to battery assembly, including a battery gigafactory in Sagunto (Valencia). Once completed, the project will help to turn Spain into the main electric vehicle hub in Southern Europe.
POWER INNOTECH’s participation in this program will revolve around the development of a domestic hub for the management of electrical energy flows, integrating bidirectional recharging systems for electric vehicles and storage systems based on second-life batteries.
6. Social Cleaner Seabot, a Project for Social and Labor Insertion and Marine Conservation
Together with the TEB Barcelona, an NGO specializing in the social and labor insertion of people with intellectual disabilities, SEABOTS launched in March the social economy project Social Cleaner Seabot.
It focuses on the development of a new service of water cleaning meant for beaches and harbors. The operations are carried out with an Unmanned Surface Vehicle (USV) created by SEABOTS and piloted by people at risk of social exclusion. The main purpose is to generate job opportunities for people in situations of vulnerability and hired through the social entities that are part of the project, which is supported by the Catalan regional government.
7. Partnership with the Aerospace Company Open Cosmos
In October, GPAINNOVA announced its new partnership with Open Cosmos, a company dedicated to satellite design and manufacturing. After having moved to GPAINNOVA’s facilities in Barcelona City, the CEOs of both organizations announced that they would cooperate to create a high-tech laboratory for satellite manufacturing there. These shared spaces would generate synergies that would enable joint projects in the future.
8. Achievement of the ISO 9001 and the ISO 13485 Seals
Steros GPA Innovative, S.L, GPAINNOVA’s company became the second GPAINNOVA’s company to be awarded the ISO 9001:2015 certification by the Bureau Veritas Group. The ISO 9001 seal sets out the criteria for a quality management system and is the only standard that can be certified to.
At its turn, GPAMEDICAL, GPAINNOVA’s spinoff specializing in medical devices, obtained the ISO 13485:2016 standard seal. It specifies requirements for a quality management system that can be used by an organization involved in one or more stages of the life-cycle of a medical device, including design and development, production, storage and distribution, installation, servicing and final decommissioning and disposal of medical devices, as well as provision of associated activities.
The first company of the business group to obtain it was, in September 2021, DLyte Chemicals, the company that manufactures and commercialize the electrolyte used within DLyte’s processes.
9. Attending 60 Trade Fairs Worldwide
GPAINNOVA attended about 60 international trade shows related to the dental, healthcare, and industrial sector, both as exhibitor or together with a local distributor. Some of the most important ones were Formnext, the main trade fair for additive manufacturing (AM) and industrial 3D printing, held in Frankfurt am Main; MECSPE, the world’s principal trade show for the manufacturing industry, and Global Industrie, in Paris, the France’s largest industrial exhibition.
10. GPAINNOVA America Triples its Turnover
GPAINNOVA America, a GPAINNOVA’s subsidiary established in Sunrise (Florida, United States) in 2018, broke its annual turnover record in 2022, reaching $5.2 million (€4.78 million). During these months, the company reinforced its commercial network by hiring highly specialized professionals to access new markets, which including Latin American countries. In addition, GPAINNOVA America expanded its facilities at the end of last year to upgrade its surface finishing center.
GPAINNOVA is a technology group established in 2013 in Barcelona, with subsidiaries in Sunrise, Hong Kong, and Shenzhen (Mainland China). It is specializing in surface metal finishing solutions with DLyte and MURUA; medical devices with GPAMEDICAL; marine robotics with SEABOTS, and high-performance power electronics with POWER INNOTECH. GPAINNOVA has a team of more than 180 professionals on staff and more than 40 engineers, 60 distributors and more than 900 clients worldwide.
For further information:
C/ Maracaibo, 1, sheds 2-6.08030 Barcelona
Telephone: (+34) 931 256 536