COFIDES supported Xcalibur Multiphysics, a world leader in airborne geophysical solutions, in its landing in Colombia in 2020. In 2022, this work to support its internationalisation continued with the provision of financing for its growth in India. COFIDES extended a joint venture loan of up to Euros 1 million using its own resources and the FONPYME fund resources to acquire a majority interest in McPhar International India.

Xcalibur Multiphysics chose India because of its large potential for the exploration and future extraction of materials needed for the energy transition. Dario Castellanos, who is also temporarily CEO of the newly acquired McPhar International, explains that the Indian natural capital mapping programme is highly ambitious. "Xcalibur Multiphysics aims to be the partner of choice for India's geological department, winning the highest number of awards in a very competitive market."    

Acquiring this company translates into growth for the Spanish company in the number of resources and products in this country. More than 20 people, mostly graduates and postgraduates, are currently working in India. "We expect to have a staff of 50 professionals," says Castellanos, adding that "it is of utmost importance to meet the ESG criteria we have set for ourselves in terms of equal treatment and opportunities, diversity and occupational risks." In addition, they have set up the Xcalibur Foundation, "which will develop a project in India to contribute to a more egalitarian system."

According to the head of Xcalibur Multiphysics, international presence is key to its growth and positioning as a market leader. "We are a global corporation."

"We are constantly exploring new markets to promote economic growth and job creation in the countries"

Darío Castellanos, Vice President of Project Finance at Xcalibur Multiphysics Group

For the company, innovation is a value that sets it apart. "Our services include the most advanced natural mapping technologies. They enable the exploration of natural capital in a rapid manner, providing high quality data, generating the least environmental impact and protecting biodiversity. We have an innovation process that enables us to improve our services and offer greater added value to our customers. We have a plan for the next five years to refine existing technologies and look for new areas of activity, with a dedicated R&D team and projected investments of between Euros 45 million and Euros 50 million.

Of his experience with COFIDES, Castellanos stresses that "COFIDES has been a key component in our expansion. It has acted as a lever for our growth, providing financial support in countries where we wanted to strengthen our presence”.

Related SDG

sdg 8 cofides  sdg10