In October 2022, STEM Península, the new subsidiary of STEM International was created with the aim of expanding into the Hispanic market.

In December 2022, after more than a year of working with the company Teleféricos y Nieve, STEM Península signed a contract for the provision of services for the two gondolas of the Cabárceno Natural Park in Cantabria – Spain.

The main missions of this 5-years contract are the operacion, maintenance, conservation and technical assistance of this two devices.