Virtualware acquires Virtalis

AUGUST 18, 2026

Virtualware acquires Virtalis (Alpina)

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.

Deal value	€5M fixed purchase price
Revenue	€4 million (FY2026, preliminary)
EBITDA	€1.3 million (FY2026, preliminary)
Ownership	PE-backed · Alpina Partners (prior owner); 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

Ownership	—
Headquarters	Bilbao, Spain
Buy-side advisor	—

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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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