Semapa

M&A Activity • Jul 28, 2025

ANNOUNCEMENT ACQUISITION OF IMEDEXA

Semapa – Sociedade de Investimento e Gestão, SGPS, S.A. ("Semapa" or the "Company") hereby announces that, through its wholly owned subsidiary QUOTIDIAN PODIUM, S.A., it has completed the acquisition of 100% of the share capital of INDUSTRIAS MECÁNICAS DE EXTREMADURA S.A. ("Imedexa") from Spanish private equity firm GPF Partners.

Imedexa, headquartered in Cáceres, Spain, is a company specialized in the design and manufacture of metal structures for electricity transmission and distribution infrastructure, as well as for other industrial applications. Founded in 1979, the company currently operates three production units located in Cáceres and Valladolid and has served more than 250 clients across over 50 countries.

In 2024, Imedexa recorded sales exceeding €100 million, approximately 75% of which for export markets. The company is distinguished by its engineering capabilities and its ability to execute large-scale projects and is a trusted supplier to the leading electricity transmission and distribution operators in Europe.

Semapa has acquired 100% of Imedexa's share capital for a consideration paid on this date of €148 million, plus an additional amount to be paid subject to the fulfilment of certain conditions.

The acquisition of Imedexa marks Semapa's first direct investment in a company headquartered outside Portugal and aligns with the Group's strategy of internationalization and diversification. This transaction strengthens Semapa's positioning in sectors with high growth potential and relevance to the energy transition.

Lisbon, 28 July 2025

The Board of Directors