In recent years, Moroccan companies have made significant strides in expanding their presence in Europe through strategic acquisitions. This trend is exemplified by the likes of Laprophan, a Moroccan laboratory, which announced the acquisition of Swiss-based Rivopharm in June 2026. Rivopharm generates an annual turnover of approximately €100 million and boasts an impressive portfolio of 125 molecules and 1,500 references sold in nearly 30 countries.
Another notable example is Dislog Group, which acquired Spanish company Chef Sam in September 2024 for €40 million. This acquisition aligns with Dislog Group's strategic ambitions to bolster its industrial and distribution activities in key European markets, including Spain, Portugal, France, and the UK. Chef Sam's operations in Barcelona also oversee Dislog Group's French activities, making it a crucial component of the Moroccan company's European expansion plans.
The European Union, as the second-largest global player in trade behind China, presents a highly attractive market for Moroccan companies seeking growth. With a 15.8% share of global trade, the EU offers vast opportunities for businesses looking to diversify their resources and accelerate their expansion. Moroccan companies that have successfully executed acquisitions in Europe typically have a strong financial foundation, with revenues exceeding €100 million or approximately MAD 1 billion.
One such company is HPS, a leading provider of payment solutions, which acquired Irish firm CR2 Limited in August 2024. This acquisition enabled HPS to enhance its value proposition and strengthen its capacity to support financial institutions in their digital transformation. The integration of CR2 has also expanded HPS's geographical presence in Africa, the Middle East, and Asia.
The year 2024 was particularly notable for Moroccan companies' internationalization efforts, with several significant acquisitions taking place. Teralys, a subsidiary of Al Mada, signed a protocol agreement to acquire Italian agro-industrial group Nutkao for approximately €450 million. Nutkao is a leading European player in cocoa and vegetable protein processing, with operations in Italy, Belgium, the US, and Ghana.
Public sector companies have also leveraged acquisitions to drive growth and competitiveness. In December 2025, Marsa Maroc acquired a 45% stake in Spanish company Boluda Maritime Terminals (BMT) for €80 million. This move has enabled Marsa Maroc to expand its presence in nine ports across the Iberian Peninsula and the Canary Islands, solidifying its regional position.
As Moroccan companies continue to pursue growth through strategic acquisitions, their focus on Europe is likely to remain a key aspect of their expansion strategies. With a strong track record of success and a growing presence in the European market, these companies are well-positioned to capitalize on the vast opportunities available in the region.
Key points
- Moroccan companies are increasingly targeting European markets for growth through strategic acquisitions.
- Recent acquisitions by Laprophan, Dislog Group, and HPS demonstrate the trend of Moroccan companies expanding into Europe.
- The acquisitions are part of a broader strategy to diversify resources, accelerate growth, and increase competitiveness.
