Portugal’s Iberian candidacy for a European Commission AI gigafactory project will concentrate all operations in Sines rather than establishing a secondary hub in Pego. The €8 billion investment from public and private funds will create an AI infrastructure facility with 150 MW computing capacity, expected to be fully operational by 2028. Spain’s location is Tarragona in Catalonia.
AM Experience by MK Illumination, a Portuguese company based in Braga specializing in festive illuminations and ice shows, reported 8 million euros in revenue for 2025, up from 6.8 million in 2024. The festive lighting division generated 5 million euros with 2.6 million from Spain operations. The company is expanding its ice show concept to Spain, launching in PuertoVenecia shopping center in Zaragoza in November with plans to expand to Madrid, Barcelona, Seville, Corunha and Bilbao. The ice show is expected to attract 60,000 spectators and generate 1 million euros in revenue over seven weeks.
HelloPrint, a Rotterdam-based online print platform, reported revenue growth to approximately 80 million euros in 2025 with 21% operational profit increase. The company bought back shares from early investors and continues its AI-first transformation across 14 countries and 160 employees serving 700,000 customers.
Paindrainer, a Swedish digital therapeutics company based in Lund, has raised €550,000 from existing shareholder Almi Invest, Tramontane Invest, and other existing and new shareholders. The company develops AI-powered digital platforms for chronic pain management, including its flagship PD Care System and the upcoming Relivra product powered by proprietary Artificial Neural Networks.
Hotiday, a Milan-based startup founded in 2022 by a trio of students, sublets hotel rooms and rents them to travelers. It topped the third annual Sifted 100 ranking of the 100 fastest-growing companies in Southern Europe, achieving a remarkable 1330.95% two-year revenue CAGR between 2023 and 2025. The company uses an innovative business model based on subletting rather than purchasing buildings or franchising.
Dunia Innovations unveiled plans for Berlin GigaLab, a €280 million facility to industrialize AI-driven materials discovery. The 6,000 m² facility will integrate autonomous experimentation, AI-guided design, and industrial-grade characterization. Backed by an industrial consortium including Siemens, ABB Robotics, NVIDIA, AWS, and ILS, the facility is expected to create over 200 jobs and begin operations in 2028.
Scheduling software company Quinyx achieved record quarterly results in Q4 2025, reaching all-time high sales and improving its operating loss. The company has navigated the SaaS market downturn by integrating AI into its platform, positioning itself well despite industry-wide valuation pressures.
Greenfiber, a subsidiary of Portuguese multinational Altri, presented new arguments to unblock its €1 billion industrial pulp mill project in Palas de Rei, Galicia. The company claims the future factory is energy self-sufficient and proposes alternative power supply solutions including cogeneration systems. This move contests the Galician authorities’ decision from February to archive the project due to lack of guaranteed electrical supply.
Austrian wellness group Therme Group, founded and led by Romanian businessman Robert Hanea, appointed Ramona Chiriac as Vice President for Global Impact. Chiriac, who ended her mandate as head of the European Commission Representation in Romania in March 2026, will focus on strategic partnerships, institutional relations, and thought leadership on the future of wellness and human development. The appointment reflects Therme Group’s ambitions for international expansion and positioning at the intersection of wellbeing, cities, communities, culture, and societal transformation.
Euronext, Europe’s leading continental stock exchange operator, reported strong Q1 2026 results with 16.7% net profit growth to 192.3 million euros and 15.3% revenue growth to 528.5 million euros. Equity market revenues surged 28.1% to 138.9 million euros, driven by high volatility and strong ETF growth, including contributions from the recently completed Athens Stock Exchange acquisition completed in late 2025. The company also noted benefits from the largest defense IPO in history (Czech Republic’s Czechoslovak Group) in January 2026.