Making Science Bundle
Who Owns Making Science?
Understanding a company's ownership is key to grasping its strategic direction and market position. For Making Science, a digital acceleration firm, its direct listing on BME Growth and Euronext in October 2020 was a pivotal moment, broadening its investor base while founders retained significant control.
Founded in 2016, Making Science Group, S.A. focuses on integrated technology and marketing solutions to drive digital transformation through data-driven strategies. This mission continues to guide the company's operations and growth.
As of August 2025, Making Science boasts over 1,200 employees across 16 countries. The company reported Q1 2025 revenues of €82.7 million, a 33% increase year-over-year, with a market capitalization around €82.92 million on August 15, 2025. Management and employees hold a substantial majority of shares, indicating strong internal alignment. For a deeper dive into the company's strategic environment, consider the Making Science PESTEL Analysis.
Who Founded Making Science?
Making Science Group, S.A. was founded in 2016, initially known as Make Marketing Y Comunicacion. José Antonio Martínez Aguilar is the founder and Global CEO, establishing the company with a focus on digital acceleration, encompassing digital marketing, data analytics, e-commerce, and cloud solutions.
| Founder | José Antonio Martínez Aguilar |
| Year Established | 2016 |
| Initial Name | Make Marketing Y Comunicacion |
| Core Focus | Digital Acceleration (Marketing, Data Analytics, E-commerce, Cloud) |
Founding Vision
The company was established with a clear vision to drive digital transformation for businesses.
Founding Leadership
José Antonio Martínez Aguilar, the founder, continues to lead as the Global CEO.
Early Ownership Structure
While specific initial equity splits are not public, the founding team maintains significant control.
Current Shareholding
As of Q1 2025, José Antonio Martínez Aguilar and related entities hold 55% of the company's shares.
Strategic Direction
The founding vision continues to guide the company's strategic development and acquisitions.
Public Information
Details on early investors or specific founder agreements are not publicly disclosed.
The foundational ownership of Making Science Group, S.A. is heavily influenced by its founder, José Antonio Martínez Aguilar. As of the first quarter of 2025, Martínez Aguilar and associated entities collectively own 55% of the company's shares. This substantial stake highlights the enduring control and strategic direction provided by the founding leadership since the company's inception in 2016. The company's initial focus on digital acceleration, encompassing areas like digital marketing, data analytics, e-commerce, and cloud solutions, has been a consistent theme throughout its history, influencing its growth and acquisition strategies. While the precise details of the initial equity distribution or the involvement of early angel investors are not publicly available, the current shareholding clearly indicates the significant influence of the founder in the company's governance and future plans. Understanding the Mission, Vision & Core Values of Making Science provides further context to the strategic decisions driven by its ownership structure.
Key Ownership Details
The majority of Making Science's ownership is concentrated with its founder and related entities.
- Founder and Global CEO: José Antonio Martínez Aguilar
- Significant Shareholding: 55% controlled by founder and related entities (Q1 2025)
- Company Establishment: 2016
- Initial Focus: Digital acceleration services
- Publicly Traded Status: Not specified in available information
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How Has Making Science’s Ownership Changed Over Time?
Making Science's ownership journey has been significantly shaped by its public listing on BME Growth in Madrid and Euronext in Paris on October 20, 2020. This strategic move facilitated a substantial increase in market capitalization from €35.31 million in February 2020 to €82.92 million by August 2025, marking a 134.84% growth since its debut.
| Event | Date | Impact on Ownership |
|---|---|---|
| Direct Listing on BME Growth and Euronext | October 20, 2020 | Transition to publicly traded company, enabling broader investor participation. |
| Acquisition of United Communications Partners (UCP) | Initial 69.8% in early 2022, increased to 76.14% by September 2023, and full acquisition by August 2024 | Consolidation of ownership and integration of acquired entities. |
| Capital Increase Approval | January 26, 2024 | Strengthening of the company's financial structure and potential dilution of existing stakes. |
| Acquisition of Stake by Onchena, SL | February 2025 | Introduction of a new significant shareholder, altering the stakeholder composition. |
The current ownership structure of Making Science is heavily influenced by its management and employees, who collectively hold approximately 73% of the company's shares as of Q1 2025. This high insider ownership underscores a strong alignment between executive leadership and shareholder interests. The CEO, José Antonio Martínez Aguilar, along with related entities, commands a substantial 55% of the shares, positioning him as the primary controlling stakeholder. The publicly available shares, or free float, constitute 21% of the total outstanding shares. A recent significant addition to the shareholder register occurred in February 2025 with Onchena, SL, acquiring a 6% stake, indicating growing investor interest. These developments are part of a broader strategy that includes strategic acquisitions, such as the progressive takeover of United Communications Partners (UCP) completed by August 2024, and capital injections, like the approved €7 million capital increase in January 2024, to fuel inorganic growth and digital acceleration. The company has also utilized €12 million in bonds to support its expansion efforts, demonstrating a diversified approach to financing its growth trajectory.
Key Stakeholder Overview
Understanding the major shareholders is crucial for assessing Making Science's governance and strategic direction.
- Management and Employees: Approximately 73% ownership as of Q1 2025, indicating strong internal alignment.
- José Antonio Martínez Aguilar (CEO): Controls 55% of shares, either directly or through related entities.
- Onchena, SL: Acquired a 6% stake in February 2025.
- Free Float: Represents 21% of outstanding shares, available for public trading.
- Strategic Acquisitions: The company's Competitors Landscape of Making Science includes integrating acquired businesses, impacting overall ownership distribution.
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Who Sits on Making Science’s Board?
The governance of Making Science is led by its Board of Directors, with José Antonio Martínez Aguilar holding the positions of Chairman and Chief Executive Officer. The significant ownership by management and employees, particularly the CEO and associated entities controlling 55% of the shares, suggests a board closely aligned with the company's executive leadership.
| Board Role | Name | Key Affiliation |
|---|---|---|
| Chairman and CEO | José Antonio Martínez Aguilar | Executive Leadership |
| Board Member | (Details not specified) | (Likely aligned with management/employees due to ownership) |
The substantial ownership stake of approximately 73% held by management and employees of Making Science translates directly into significant voting power. While specific details on dual-class shares or other control-enhancing mechanisms are not publicly available, the concentrated ownership by the CEO and related entities, representing 55% of shares, ensures a strong, centralized decision-making framework. This high level of insider control typically fosters consistent strategic execution and offers protection against external pressures, a common characteristic in companies with concentrated ownership. There have been no reported instances of proxy battles or significant governance disputes in recent filings. An Extraordinary General Meeting was scheduled for July 26, 2024, to address a capital increase and authorize treasury share operations, indicating formal shareholder engagement processes.
Making Science's Shareholder Structure
The ownership structure of Making Science is heavily influenced by its internal stakeholders. This concentration of power impacts the company's strategic direction and operational stability.
- Management and employees collectively own approximately 73% of Making Science shares.
- The CEO and related entities hold a controlling 55% of the company's shares.
- This insider control provides a stable governance environment.
- Formal shareholder decisions are made through meetings like the Extraordinary General Meeting.
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What Recent Changes Have Shaped Making Science’s Ownership Landscape?
Over the past three to five years, Making Science has seen significant shifts in its ownership and strategic direction, driven by an aggressive growth strategy. Key acquisitions and capital increases have reshaped its financial and operational landscape, indicating a proactive approach to market expansion.
| Development | Date | Details |
| Direct Listing | October 2020 | Company became publicly traded. |
| UCP Acquisition (Initial Stake) | Early 2022 | Acquired 69.8% of United Communications Partners. |
| UCP Acquisition (Increased Stake) | September 2023 | Stake in UCP increased to 76.14%. |
| UCP Acquisition (Full Stake) | August 2024 | Completed acquisition of the remaining 24% of UCP. |
| Finland Joint Venture | January 2024 | Established a joint venture with NØRR3 in Finland. |
| Capital Increase Approved | January 2024 | Approved a capital increase of up to €7 million. |
| Onchena, SL Stake Acquisition | February 2025 | Onchena, SL acquired a 6% stake in the company. |
In February 2025, Onchena, SL acquired a 6% stake, diversifying the institutional investor base. Despite this, management and employees collectively hold approximately 73% of shares as of Q1 2025, with the CEO and related entities controlling 55%. This high level of insider ownership contrasts with typical industry trends of founder dilution. The company's financial performance in Q1 2025 showed a 33% increase in consolidated revenues to €82.7 million and an 11% rise in recurring EBITDA to €4.0 million. For the full year 2025, Making Science anticipates revenues between €350-370 million and recurring EBITDA of €17-18 million, with 'Plan 2027' targeting €23-27 million in recurring EBITDA.
Management's Significant Control
As of Q1 2025, management and employees hold about 73% of shares. The CEO and related entities maintain control over 55% of the company's shares.
Strategic Acquisitions and Expansion
The company has focused on inorganic growth, notably completing the full acquisition of United Communications Partners. Expansion into the Nordics includes a joint venture in Finland.
Financial Strengthening and Investor Diversification
A capital increase of up to €7 million was approved in January 2024 to bolster its financial structure. The acquisition of a 6% stake by Onchena, SL in February 2025 broadened its institutional investor base.
Future Growth Outlook
The company projects 2025 revenues of €350-370 million and recurring EBITDA of €17-18 million. 'Plan 2027' targets recurring EBITDA between €23-27 million, indicating ambitious growth objectives.
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