MONDRAGON and Arteche launch AMETS Power Electronics to promote power electronics

MONDRAGON and Arteche launch AMETS Power Electronics, a new company focused on the development of innovative solutions in power electronics. This strategic alliance combines Arteche's international experience, MONDRAGON's cooperative and industrial ecosystem and Ikerlan's technological capacity to respond to present and future challenges in the management and transformation of electrical energy.

See more pictures from the event.

AMETS is born with a joint structure (50% Arteche-50% MONDRAGON Inversiones and Ikerlan) and aims to become a benchmark in more efficient, flexible and sustainable electrical systems. The company plans to start its industrial activity with the technological development of solutions based on power electronics technologies aimed at applications in electrical grids, renewable energies and heavy industries.

Pello Rodriguez: "It is a collaboration between companies with extensive industrial experience to set up a new activity in a sector with a bright future"

The Foundations for a New Business

Alex Artetxe, CEO and President of Arteche, explained the types of industrial activities covered by power electronics: "It refers to the generation and delivery of electrical energy to the user. Power electronics technology improves distribution, minimizes losses by increasing efficiency, and creates a safe and stable system".

Pello Rodriguez, President of MONDRAGON, added that "both MONDRAGON and Arteche have sufficient industrial, financial, and technological resources to embark on this journey."
"This is also a project for a global, forward-looking market, one that impacts daily life and will be developed with high-quality employment: we are talking about a joint investment of 5 million euros and a team of 50 qualified people in this initial development phase".

A shared and complementary vision
AMETS Power Electronics is based on a collaborative model that places market, technology and industrial manufacturing as pillars of a strategic triangle that seeks to maximize innovation and impact in the energy value chain.

“This is an alliance with shared values: commitment to the industry, long-term orientation and a firm commitment to people” said Alex Artetxe, CEO and president of Arteche, during the presentation ceremony in Bilbao. “AMETS is an opportunity to explore new technological frontiers and open paths towards a future in which we remain at the forefront of the energy sector, offering solutions that address the challenges of society”.

MONDRAGON's chairman, Pello Rodríguez, said that “we are starting this new project with great enthusiasm, as it is a collaboration between companies with extensive industrial experience to set up a new activity in a sector with a bright future”.

The new company, set up as a limited company, will have balanced governance, with four members on its board –two from Arteche and other two from MONDRAGON Inversiones and Ikerlan-. AMETS will be aligned with the principles of positive impact on the environment, generating synergies with the companies in the group and contributing to the technological and economic development of the territory.

Technological innovation for the energy future
The creation of AMETS responds to a long-term vision that is aligned with the strategic roadmap of both organisations. It will begin with a first phase of design and development of power electronics solutions that will be carried out in close collaboration between the technical teams of Ikerlan and Arteche, with a focus on technological excellence and sustainability to move towards manufacturing and commercialization.

It will also help MONDRAGON to position itself as an important player in the energy sector, a sector of the future

MONDRAGON's roadmap
MONDRAGON, its strategic plan 2025-2028, sets out to "achieve positions of leadership, improving its levels of competitiveness, collaboration and adaptation to be a key agent of social transformation". And in its journey towards the next four years it identifies four strategic axes: identity, business with a future, openness and social impact and inter-cooperation.

The creation of AMETS Power Electronics responds to two of these strategic axes: the promotion of new activities and businesses in sectors of the future; and the development of collaborations with third parties to activate new proposals that provide economic activity and sustainable jobs.

MONDRAGON will put all its technological (mainly through Ikerlan), industrial and knowledge- based capabilities at the service of this project to ensure that this joint initiative is successful and gives rise to new collaborations. It will also help MONDRAGON to position itself as an important player in the energy sector, a sector of the future.