Key Takeaways
- Nazca Capital has acquired a majority stake in SanSan, a Spanish company specializing in hydroponic pots for blueberry cultivation, through its Nazca Small Cap II Fund.
- SanSan, which recorded €16 million in 2024 sales, operates in key blueberry-producing regions such as Peru, Mexico, Morocco, and Spain, and is expanding into other crops including strawberries and raspberries.
- The partnership will strengthen SanSan’s international presence and accelerate its development as a platform for sustainable and efficient growing systems.
- SanSan’s CEO, José Sancho, will remain a shareholder and continue leading the company.
Nazca Capital Expands Agricultural Portfolio with SanSan Acquisition
Nazca Capital, a leading private equity firm focused on Spanish SMEs, announced the acquisition of a majority interest in SanSan, a long-established operator in the berry cultivation sector. The investment, made through the Nazca Small Cap II Fund, aims to build on SanSan’s strong market position in hydroponic solutions and to accelerate its global growth trajectory.
Founded more than 30 years ago, SanSan has become a recognized player in hydroponic systems for blueberry production, supplying innovative solutions that help growers improve yield, water efficiency, and crop quality. The company’s technology supports stable, predictable harvests and promotes sustainable agricultural practices by optimizing nutrient use and reducing environmental impact.
SanSan Strengthens Its Role in Sustainable Agriculture
Beyond hydroponic systems, SanSan has expanded its portfolio with its own line of traps and pheromones for pest control, designed to help reduce pesticide dependency in response to climate and ecological pressures. The company has also formed strategic partnerships with leading agricultural technology providers to enhance its offerings.
Operating globally, SanSan serves diverse agricultural markets across Latin America, North Africa, and Europe, adapting its systems to varying climate conditions and growing cycles. In 2024, the company reported consistent double-digit annual growth, supported by its position as a trusted supplier of high-performance growing solutions.
Partnership with Nazca Capital to Drive Global Growth
Under the agreement, Nazca Capital and SanSan will collaborate to expand the company’s international footprint, strengthen its R&D capacity, and explore strategic acquisitions that complement its existing product range.
“We are delighted about this new phase alongside Nazca, which represents an ideal partner to accelerate our international growth and strengthen our value proposition,” said José Sancho, CEO of SanSan. “We share the same vision on sustainability, innovation, and value creation.”
Celia Pérez-Beato, Head of Nazca’s Small Cap strategy, added: “SanSan fits perfectly with our investment approach—a pioneering company in a high-growth global niche with a strong sustainability focus and an experienced management team. We look forward to supporting its expansion both organically and through acquisitions.”
Nazca Capital’s Continued Focus on Strategic Growth Investments
The investment in SanSan represents the fifth transaction for the Nazca Small Cap II Fund, which also includes Global Factor, Coycama and Becrisa, Lãberit, and Clustag. The firm continues to target high-growth sectors such as agribusiness, sustainability, and digital transformation.
AgTech M&A Activity in 2025 (iGrow Dashboard Insight)
Between January and October 2025, the iGrow Dashboard tracked 42 merger and acquisition announcements across the global AgTech sector.
North America led activity with 20+ deals, followed by Europe (13) and Asia & the Middle East (6). Key transactions included:
- Martori Farms’ acquisition of SOL Group, forming the world’s largest year-round melon producer.
- Hasfarm Holdings’ A$270M purchase of Lynch Group, expanding floriculture operations across Asia and Oceania.
- John Deere’s full acquisition of GUSS Automation and Sentera, strengthening its precision agriculture and autonomy portfolio.
Source: iGrow Dashboard, 2025 M&A Tracker — Explore more data in our Market Reports and Dashboard.
