Private company

GMV Innovating Solutions

Logo: Rrlc, CC BY-SA 4.0, via Wikimedia Commons3

Spanish private capital business group

GMV, founded in 1984, is a Spanish private capital business group with an international presence and more than 4000 workers. In its early days, it focused on the space and defense sectors, being the contract for the European Space Operations Centre (ESOC) the beginning of its growth.2 It was founded by Juan José Martínez García.1 Its chief executive is Jesús Serrano Martínez (since 2009).1 Its revenue was €510 million in 2025.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

1984Founded1
  • IndustryICT, aerospace industry, automotive industry, computer security, information and communications technology1
  • HeadquartersTres Cantos1
  • Websitewww.gmv.com
  • Legal formsociedad limitada1
  • Slogan“Innovating Solutions”1

GMV, founded in 1984, is a Spanish private capital business group with an international presence and more than 4000 workers. In its early days, it focused on the space and defense sectors, being the contract for the European Space Operations Centre (ESOC) the beginning of its growth. Over the years it has diversified its operations and expanded into other fields becoming today's technology group, which comprises 11 areas of specialization: Space, Aeronautics, Defense and Security, Intelligent Transportation Systems (ITS), Automotive, Cybersecurity, Healthcare, and Digital Public Services, Industry, Financial sector, and Services.2

Corporate structure

GMV Innovating Solutions sits at the top of its group. 3 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

Founded by Juan José Martínez García in 1984.1

Founded in 1984 by Juan José Martínez García, GMV began operations in the field of space when it won its first contract with the European Space Agency Operation Center (ESOC) from the European Space Agency.

In the early nineties GMV expanded its activity and began to offer services in the areas of transport, defense, telecommunications, and information technologies, in fields that were just starting up at that time, such as the internet and satellite navigation applications. In the year 2000, it joined the European consortium Galileo Industries S.A. to support the development and use of the Galileo European satellite navigation system. In 2001, the company changed direction, with Dr. Mónica Martínez Walter becoming the CEO.

In 2004, the first subsidiary outside of Spain was established in the United States to cover aerospace operations in the American market. It continued expanding in 2007 with the acquisition of the Portuguese company Skysoft. The most significant expansion was from 2009 to 2014 when a regional office in Malaysia and subsidiaries in Germany, Poland, Romania, France, Colombia, and the UK opened. From 2015 to 2018, it continued expanding its international presence with the acquisition of INSYEN AG in Germany and the company Syncromatics Corp in the US, both of which are currently operating under the GMV brand, in addition to also investing in the Spanish startup PLD Space.

At the end of 2018 it won the contract award to maintain and upgrade Galileo's Ground Control Segment, making it the largest contract signed by the Spanish space industry to date. In 2020 GMV acquired the British company Nottingham Scientific Limited (NSL), merging it with its own British subsidiary (GMV Innovating Solutions Limited) creating the company GMV NSL, which in 2022 began to operate under the GMV brand, along with the other subsidiaries.

In 2022, GMV signed an agreement with Lockheed Martin to develop the Southern Positioning Augmentation Network (SouthPAN) system, which was a joint initiative of the Australian and New Zealand governments to provide satellite navigation and positioning services in both countries. It also won a contract that year to provide the ground flight control computer for the Eurodrone program.

In 2023, GMV was selected by the European Space Agency (ESA) to develop the Galileo Second Generation System Test Bed (G2STB). It also secured a contract to develop the ground segment responsible for in-orbit control and validation of the Galileo Second Generation (G2G). The year also saw the integration of Alén Space, a NewSpace start-up, into the GMV group.

In 2023, having achieved the objectives of its investment in PLD, GMV withdrew from the company.

During 2024 and 2025, GMV strengthened its presence in European programs and international markets through a range of initiatives. In September 2024, the European Union Agency for the Space Programme (EUSPA) awarded GMV leadership of a consortium to design, develop, and deploy the Communications Hub for the GOVSATCOM program, the European Union’s governmental satellite communications program. In the field of defense, the company acquired the Spanish firm Autek, which specializes in cross-domain solutions for the secure exchange of information. GMV also participated in six projects selected under the 2024 call of the European Defence Fund.

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At the end of 2025, the company established an alliance with LuxQuanta to develop quantum key distribution (QKD) technologies applied to secure communications. That same period also included a visit by His Majesty King Felipe VI to GMV’s facilities on the occasion of its 40th anniversary, providing institutional visibility to its activities in sectors such as space, defense, cybersecurity and intelligent transportation systems.

As a declaration of its commitment to sustainable development based on innovation for progress, GMV is part of the United Nations Global Compact, the main international initiative that promotes sustainability and corporate responsibility

From Wikipedia’s article on GMV (company), shared under CC BY-SA 4.0.4

Leadership

Who has led GMV Innovating Solutions, and when. Pick a name to see everywhere that person has worked.

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Employees over time

GMV Innovating Solutions employees by year13.9K in 2025+211% since 2015
01.0K2.0K3.0K4.0K2015: 1.2K1.2K20152016: 1.5K1.5K2016+18%2017: 1.6K1.6K2017+11%2018: 1.9K1.9K2018+13%2019: 2.2K2.2K2019+18%2021: 2.6K2.6K2021+18%2022: 2.8K2.8K2022+9%2023: 3.2K3.2K2023+13%2024: 3.5K3.5K2024+10%2025: 3.9K3.9K2025+12%
  • 20253,8801
  • 20243,4631
  • 20233,1581
  • 20222,7921
  • 20212,5571
  • 20192,1761
  • 20181,8501
  • 20171,6311

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

GMV Innovating Solutions revenue by year1510.2M EUR in 2025+334% since 2014
0200.0M EUR400.0M EUR600.0M EUR2014: 117.5M EUR117.5M EUR20142015: 127.1M EUR127.1M EUR2015+8%2016: 143.5M EUR143.5M EUR2016+13%2017: 171.9M EUR171.9M EUR2017+20%2018: 195.7M EUR195.7M EUR2018+14%2019: 236.9M EUR236.9M EUR2019+21%2021: 259.1M EUR259.1M EUR2021+9%2022: 311.3M EUR311.3M EUR2022+20%2024: 454.5M EUR454.5M EUR2024+46%2025: 510.2M EUR510.2M EUR2025+12%
  • 2025510.2M EUR1
  • 2024454.5M EUR1
  • 2022311.3M EUR1
  • 2021259.1M EUR1
  • 2019236.9M EUR1
  • 2018195.7M EUR1

Net income

GMV Innovating Solutions net income by year124.6M EUR in 2025+475% since 2015
010.0M EUR20.0M EUR30.0M EUR2015: 4.3M EUR4.3M EUR20152016: 3.4M EUR3.4M EUR2016−20%2017: 4.4M EUR4.4M EUR2017+27%2018: 5.1M EUR5.1M EUR2018+17%2019: 6.3M EUR6.3M EUR2019+24%2021: 6.3M EUR6.3M EUR2021−0%2022: 6.6M EUR6.6M EUR2022+5%2023: 10.5M EUR10.5M EUR2023+60%2024: 13.1M EUR13.1M EUR2024+24%2025: 24.6M EUR24.6M EUR2025+87%
  • 202524.6M EUR1
  • 202413.1M EUR1
  • 202310.5M EUR1
  • 20226.6M EUR1
  • 20216.3M EUR1
  • 20196.3M EUR1

Timeline

  1. Jan 2009New chief executive Jesús Serrano Martínez becomes CEO1
  2. Aug 2001New chief executive Luis Mayo Muñiz becomes CEO1
  3. 1984Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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