Proventus and Ágora advise the shareholders of TECNOVA S.A. on its sale to CONAUTO C.A.

Financial advisor in mergers and acquisitions in Ecuador 

Proventus, together with Ágora, acted as joint financial advisor to the shareholders of TECNOVA S.A. on the company’s recent sale to CONAUTO C.A. TECNOVA S.A. is Ecuador’s representative for Robert Bosch GmbH’s automotive parts line since 1962, and is the leading player in the country’s battery segment. The transaction was authorized by Ecuador’s Superintendency of Economic Competition (SCE) on September 21, 2026. The deal allows Conauto to complement its portfolio and strengthen its position as a leader in the distribution of automotive parts in Ecuador. 

This transaction reinforces Proventus’ position as a firm specialized in mergers and acquisitions in Ecuador, and its ability to collaborate with fellow members of the M&A Worldwide network to execute specialized transactions. 

Strategic support to the shareholders of TECNOVA S.A. 

Proventus and Ágora supported the shareholders of TECNOVA S.A. through sale preparation, deal structuring, negotiation of terms, and coordination with prospective buyers throughout the process. The combination of both firms brought together local market knowledge and the discipline of a well-run competitive process, contributing to an orderly, efficient closing. 

A transaction in a growing market

Ecuador’s automotive sector is experiencing one of its strongest periods in more than a decade. Between January and August 2026, 108,278 new vehicles were sold in the country, a 40% increase over the same period in 2025, according to the Association of Automotive Companies of Ecuador (AEADE). This sustained growth in the country’s vehicle fleet represents a meaningful opportunity for players such as TECNOVA S.A. and Conauto, who can capitalize on rising demand for parts and service with a top-tier offering backed by recognized brands such as Bosch. 

Proventus’ contribution to the transaction 

On behalf of Proventus, Roberto Anker, Partner at the firm, played a particularly active role in managing prospective buyers and negotiating terms. Together with Alfredo Uribe, of Ágora, they closely supported the shareholders of TECNOVA S.A. throughout the process, ensuring their interests were represented at every stage. 

Leadership in financial advisory and business sale and acquisition 

Proventus has extensive experience in mergers and acquisitions advisory and corporate finance in Ecuador and the region. As the exclusive member of M&A Worldwide in Ecuador — a network with more than 50 offices in 35 countries — and in collaboration with firms such as Ágora in Colombia, Proventus has advised numerous local and international companies and investors on their most significant transactions, building a deep understanding of local market opportunities and strategic sectors such as automotive.