Banco Santander-backed Lauria Partners completed the acquisition of a majority in Grupo Gutmar.

Banco Santander-backed Lauria Partners & Lauria Aero, a search fund, targeting high-tech industrial SMEs within Europe's defense and aerospace sector, completed the acquisition of a majority in Grupo Gutmar, a supplier of high-precision mechanical and mechatronic components for the aerospace, defense, and space sector. Financial terms were not disclosed.