GPAINNOVA Ranks as the 12th Europe’s Fastest-growing Company in the Mechanical Engineering Sector, as Reported by Financial Times

It is also the 11th Organization in Spain and the 567th in Europe

Spain, 2nd Mar 2024, King NewsWire GPAINNOVA, a technology business group specializing in metal surface finishing, has once again secured its position as a leader in the mechanical engineering sector. This organization has been recognized as the 12th fastest-growing organization in this field and stands as the foremost company in Spain, according to the FT 1000 Europe’s Fastest Growing Companies 2024. This annual ranking, compiled by the Financial Times in partnership with the German data provider Statista, identifies the European companies with the strongest revenue growth between 2019 and 2022.

To be featured on the list, companies needed a minimum average growth rate of 36.3 percent. GPAINNOVA not only surpasses this benchmark but excels with a 57.5 percent surge in revenue, achieving an absolute growth rate of 209.6 percent and obtaining the 567th placement in Europe.

The First Spanish Mechanical Engineering Company 

In the latest rankings, GPAINNOVA stands out among the 27 Spanish companies listed, securing the 11th position in Spain and claiming the top spot as the country’s leading mechanical engineering organization. The ranking does not consider the figures of 2023, in which GPAINNOVA achieved a remarkable feat by breaking its turnover record for the seventh consecutive year, reaching €35 million—a 35 percent increase compared to 2022.

While the overall rankings maintain a sense of continuity, the best-represented countries mirror those of the previous year. Italy maintains its top position, boasting 309 companies and extending its lead over Germany, which follows with 202 companies. Notable shifts include the Netherlands ascending to the sixth position, and Belgium making its debut in the top 10.

London continues its dominance as the city with the highest number of fast-growing companies for the eighth consecutive year, although there has been a slight decrease from the previous year’s count of 84 to 69. Milan secures the second spot with 44 companies, while Paris slips to the third position with 39.


GPAINNOVA is a technology group established in 2013 in Barcelona, with subsidiaries in Sunrise (Florida, USA), Monterrey (Mexico), Hong Kong, and Shenzhen (China) and specializing in surface metal finishing machinery with its brands DLyte and MURUA; marine robotics with SEABOTS, high-performance power electronics with POWER INNOTECH, and medical devices with GPAMEDICAL. GPAINNOVA has a team of more than 180 professionals on staff and more than 40 engineers, more than 60 distributors, more than 1,000 worldwide clients, and more than 1,000 surface finishing machines installed. 

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Organization: GPAINNOVA

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