Virtualware acquires Virtalis

AUGUST 18, 2026

Virtualware acquires Virtalis

TARGET

RT3D visualization and VR software for design review, training, and plant layout planning used by aerospace, defence, and energy manufacturers including BAE Systems, Lockheed Martin, and Ford.

Revenue	€4 million (FY2026, preliminary)
EBITDA	€1.3 million (FY2026, preliminary)
Ownership	PE-backed
Prior owner	Alpina Partners
Investors	Alpina Partners
Headcount	19 FTEs
Headquarters	Manchester, United Kingdom
Sell-side advisor	—

ACQUIRER

Virtualware

Euronext-listed enterprise virtual reality and RT3D software company headquartered in Bilbao, Spain

Deal value	€5M fixed purchase price
Ownership	—
Headquarters	Bilbao, Spain
Buy-side advisor	—

Share deal Copy details View press release ↗

Virtualware -> Virtalis  (2026-08-21)
sponsor_exit | Industrial/Manufacturing | €5 million fixed plus variable earnout purchase price | announced
Target: RT3D visualization and VR software for design review, training, and plant layout planning used by aerospace, defence, and energy manufacturers including BAE Systems, Lockheed Martin, and Ford.
Website: virtalis.com | Buyer site: virtualwareco.com
HQ: Manchester, United Kingdom | Ownership: pe-backed | Seller: Alpina Partners
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/virtualware-virtalis.html

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