March 2025
Announcements
SGP - Sports Gear to open footwear factory in Portugal
March 2025
Taiwan-based SGP - Sports Gear inaugurated its new factory in Portugal in early March, marking a €15.3 million investment at the Eco Business Park in Estarreja, Aveiro. SGP – Sports Gear is set to produce 200,000 pairs of sports footwear in its first year of operation, with plans to increase this number to 600,000 pairs by 2027. The new factory will produce sports footwear for several brands.
Delta PV opens new EU office in Portugal
March 2025
As part of its ongoing global expansion, Delta PV, an Istanbul-based pharmacovigilance and drug safety services company, has opened a new office in Lisbon. The company recognizes Portugal’s reputation as a European hub for qualified pharmacovigilance professionals and plans to tap into this skilled talent pool as part of its growth strategy. Delta PV aims to further strengthen its presence not only in Portugal and the EU but also in Portuguese-speaking markets.
March 2025
Taiwan-based SGP - Sports Gear inaugurated its new factory in Portugal in early March, marking a €15.3 million investment at the Eco Business Park in Estarreja, Aveiro. SGP – Sports Gear is set to produce 200,000 pairs of sports footwear in its first year of operation, with plans to increase this number to 600,000 pairs by 2027. The new factory will produce sports footwear for several brands.
Delta PV opens new EU office in Portugal
March 2025
As part of its ongoing global expansion, Delta PV, an Istanbul-based pharmacovigilance and drug safety services company, has opened a new office in Lisbon. The company recognizes Portugal’s reputation as a European hub for qualified pharmacovigilance professionals and plans to tap into this skilled talent pool as part of its growth strategy. Delta PV aims to further strengthen its presence not only in Portugal and the EU but also in Portuguese-speaking markets.
Expansions
Volkswagen to start electric production in Portugal
March 2025
German car manufacturer Volkswagen has announced that it will build its ID.Every1 electric car, which will be launched in Europe in 2027 at its plant in Palmela, Portugal.
The Palmela plant is Volkswagen’s only production facility in Portugal and one of its largest, representing the largest foreign investment in Portugal.
Isofom to open polyethylene foam extrusion unit in Portugal
February 2025
The Italian company Isofom is planning to open a polyethylene foam extrusion plant in the municipality of Santa Maria da Feira. The project is expected to create 100 new jobs and will focus on supplying markets in Southern Europe and North Africa.
March 2025
German car manufacturer Volkswagen has announced that it will build its ID.Every1 electric car, which will be launched in Europe in 2027 at its plant in Palmela, Portugal.
The Palmela plant is Volkswagen’s only production facility in Portugal and one of its largest, representing the largest foreign investment in Portugal.
Isofom to open polyethylene foam extrusion unit in Portugal
February 2025
The Italian company Isofom is planning to open a polyethylene foam extrusion plant in the municipality of Santa Maria da Feira. The project is expected to create 100 new jobs and will focus on supplying markets in Southern Europe and North Africa.
TX Services announces a new office in Porto
March 2025
TX Services, a division of the Swiss media company TX Group AG, has announced the official opening of a brand-new office in the city of Porto. This marks a significant milestone in the company’s global expansion, and will strengthen its existing product development, design and engineering centres in Belgrade (Serbia) and Braga (Portugal).
March 2025
TX Services, a division of the Swiss media company TX Group AG, has announced the official opening of a brand-new office in the city of Porto. This marks a significant milestone in the company’s global expansion, and will strengthen its existing product development, design and engineering centres in Belgrade (Serbia) and Braga (Portugal).
Industry highlight
Fruits, Vegetables and Flowers, a blooming sector
March 2025
Portugal's agricultural sector, particularly in fruit, vegetables, and flowers, has experienced significant growth and recognition in recent years, with exports accounting for 3.27% of the country’s total goods exports. With its favourable climate, fertile soil, and advanced agricultural practices, Portugal has become a hub for high-quality produce. This has attracted many foreign companies to source, process and export products from Portugal to the global market.
March 2025
Portugal's agricultural sector, particularly in fruit, vegetables, and flowers, has experienced significant growth and recognition in recent years, with exports accounting for 3.27% of the country’s total goods exports. With its favourable climate, fertile soil, and advanced agricultural practices, Portugal has become a hub for high-quality produce. This has attracted many foreign companies to source, process and export products from Portugal to the global market.
Recognition
Foreign Direct Investment in Portugal hits record high
February 2025
Foreign Direct Investment in Portugal reached a record high in 2024, totalling 13.2 billion euros, an increase of 19% compared to 2023. The top direct investors are mainly European, with Spain, Luxembourg and the Netherlands being the three largest contributors. Lisbon is the main recipient of foreign investment with 53% of the total FDI stock, followed by the North region with 17.3% and the Algarve with 9.7%.
February 2025
Foreign Direct Investment in Portugal reached a record high in 2024, totalling 13.2 billion euros, an increase of 19% compared to 2023. The top direct investors are mainly European, with Spain, Luxembourg and the Netherlands being the three largest contributors. Lisbon is the main recipient of foreign investment with 53% of the total FDI stock, followed by the North region with 17.3% and the Algarve with 9.7%.
Sucess stories
Side’s new Braga office marks key milestone
March 2025
Side, formerly PTW, founded in Japan over 30 years ago, recently inaugurated its new office in Braga, which serves as a hub for Localization, LQA, QA, and Player Support, with new services being introduced on an ongoing basis. In less than two years, the studio has grown from a team of 22 to over 100 talented professionals from diverse backgrounds, united by a shared passion for games.
March 2025
Side, formerly PTW, founded in Japan over 30 years ago, recently inaugurated its new office in Braga, which serves as a hub for Localization, LQA, QA, and Player Support, with new services being introduced on an ongoing basis. In less than two years, the studio has grown from a team of 22 to over 100 talented professionals from diverse backgrounds, united by a shared passion for games.
Did you know?
Unicorn Factory in Top 20 of Europe's Leading Start-up Hubs
In the second edition of Europe's Leading Start-up Hubs 2025, published by the Financial Times, Statista and Sifted, Unicorn Factory Lisboa ranks 17th. Others are also featured in the ranking include Startup Braga, IPN, LISPOLIS, BGI, Startup Leiria, and Casa do Impacto.
M&A Corner
• The Dutch company Total Specific Solutions B.V. has acquired the Portuguese business software solutions company Algardata
• Portuguese machine vision and intelligent systems company Neadvance has become part of the Swedish Atlas Copco Group.
• US-based Amparo has acquired Portuguese startup Adapttech, known for its AI-driven solutions in prosthetic care
• Portuguese machine vision and intelligent systems company Neadvance has become part of the Swedish Atlas Copco Group.
• US-based Amparo has acquired Portuguese startup Adapttech, known for its AI-driven solutions in prosthetic care
What they say
We are thrilled with the incredible growth we've experienced in Lisbon this year. The expansion of our team and the move to a new office are a direct result of the hard work and talent of our employees. We’re excited for what’s to come and are committed to continuing our growth in Portugal and beyond.Donna Dror, CEO
