The Extremadura Business Corporation strengthens its support for COVELESS with the goal of tripling its turnover in the next four years.

The Extremadura Business Corporation (CEX Capital) has reaffirmed its commitment to COVELESS Engineering through a new investment transaction to consolidate its commitment to innovation and skilled employment in Extremadura , driving the growth of the technology company.

The Corporation has decided to strengthen its support for COVELESS's expansion plans, joining as a strategic partner through a 25% stake. This new boost will consolidate the engineering company's growth plan for the coming years, with the goal of tripling its revenue and increasing its workforce with specialized personnel.

COVELESS is a technology company based in Extremadura that develops solutions in the field of automation and industrial robotics , with the aim of optimizing industrial manufacturing systems.

As CEX Capital's president, Agustín Delgado, explained, "This new capital transaction reinforces our commitment to business projects that focus on knowledge, innovation, and value creation from Extremadura."

He also emphasized that the Corporation shares with COVELESS a business vision "that focuses on skilled employment and the development of its own technology as levers for transforming the regional productive fabric."

This transaction is part of the actions approved by CEX Capital's Board of Directors at the beginning of the year, which includes an induced investment of 65 million euros in various companies in the region, as well as the creation of 300 new jobs .

COVELESS Engineering highlights the addition of CEX Capital as a strategic partner, a support they consider key to driving their growth plans and consolidating their position as a technological leader in Extremadura.

"We appreciate the trust and strategic support that CEX Capital is providing us, committed to a growth model based on talent, innovation, and specialization," emphasized José Manuel Mangas Rodríguez, founding partner and CEO of COVELESS.

The Extremadura Business Corporation is an investment company focused on regional development , established in 1992 under the auspices of the Royal Household. Since its creation, CEX Capital (Extremadura Business Corporation) has invested in more than 60 operations in the region, with a turnover exceeding €1.2 billion and induced investment exceeding €1 billion, generating direct employment for more than 5,300 workers.

Its shareholders include national business groups, financial institutions, the regional government, and the Extremadura business sector. CEX members include Iberdrola, the Regional Government of Extremadura, Unicaja, Ibercaja, Participaciones Trust, Cajalmendralejo, Banco Santander, Grupo Industrial CL, Caja Rural de Extremadura, Foresta Capital, Senpa, El Corte Inglés, Diego Hidalgo Schnur, CaixaBank, Telefónica, Campofrío, Endesa, Corporación Financiera Alba, Joca Engineering and Construction, Placonsa, Aon, and others.