Latin American company Fracttal has acquired Spanish maintenance software firm TCMAN, a move that strengthens its position in Spain and signals a more aggressive expansion across Europe.
The deal comes just a few months after Fracttal closed a $35 million funding round in January, capital it is now putting to work to scale both its product and its presence in key markets.
TCMAN, founded in 1997, is one of Spain’s long-standing players in the maintenance management space. Its GIM platform is used by more than 250 organizations —including Acciona, Eiffage, Serveo, Sanitas, and Quirónsalud— to manage critical assets across infrastructure, industrial and healthcare environments.
Rather than operating as a standalone addition, TCMAN will be folded into Fracttal’s broader platform, which already manages more than 20 million assets in over 60 countries. The idea is to combine TCMAN’s local expertise with Fracttal’s AI-driven approach to maintenance, where software, IoT, and real-time data come together.
“Fracttal and TCMAN share the same conviction: maintenance is a key ally in building a more sustainable, safe, and efficient world. This union allows us to accelerate that transformation, combining decades of industry experience with advanced technology and artificial intelligence to help organizations operate better,” said Christian Struve, CEO and co-founder of Fracttal.
For Fracttal, the acquisition is also about strengthening its product roadmap. “Integrating TCMAN’s experience with our platform strengthens our ability to continue developing intelligent maintenance solutions and deliver more value to organizations managing complex and distributed assets,” added Raúl Peris, COO of the company.
The integration is expected to push forward the evolution of TCMAN’s GIM software, bringing in new capabilities tied to artificial intelligence, advanced analytics, and IoT integrations.
From TCMAN’s side, the deal marks a turning point after more than three decades in the Spanish market. “For more than 30 years, we have helped companies across multiple sectors manage their assets more efficiently. Joining Fracttal allows us to expand the reach of our technology and continue evolving our solutions in a context where maintenance is becoming increasingly strategic,” said founder Eloy Ortega.
Beyond the transaction itself, the move reflects a broader shift in how maintenance is perceived. What used to be seen as a purely operational task is increasingly becoming a strategic function, particularly in asset-heavy industries.
With this acquisition, Fracttal is betting on Spain not just as a market, but as a base to keep growing across Europe —while continuing to connect its Latin American roots with global demand.
