Link Securities | The company, together with Ficosa Inversión, has signed a memorandum of understanding (MoU) to collaborate on the development of electro-optical equipment with LSAS (Local Situational Awareness System) driving and surveillance support capabilities for the VCR 8×8 Dragón and VAC vehicles, according to the financial portal Bolsamania.com. Indra has also signed a memorandum of understanding with Sirt, a Barcelona-based cybersecurity company, to increase capabilities and form multidisciplinary teams…

Bankinter | The terms of the transaction have not been made public and are currently only rumours in the press. Tecnobit is a subsidiary of Oesía and is dedicated to the development and manufacture of intelligent vision, simulation and tactical communications technology. The main figures available for Tecnobit in 2024 are: Revenue €105 million, order book €194 million, EBITDA €15 million. Bankinter analysis team’s view: Limited impact on the session,…

Link Securities | Indra (IDR), with businesses in technology and the military industry, has its sights set on Comforsa, the largest Catalan public company, which specialises in large forged parts for heavy vehicles and civil engineering machinery, according to Expansión newspaper. Informed sources confirm Indra’s interest in acquiring the largest industrial firm owned by the Catalan government, which the regional executive controls 100% through the Avançsa holding company, although only…

Link Securities | Indra (IDR) informed the National Securities Market Commission (CNMV) that, having reached the maximum number of shares finally set under the Buyback Programme after the last of the transactions (235,000 shares, representing 0.13% of IDR’s share capital), it is proceeding to terminate the Programme prior to the expiry date (set for 11 September 2025). Indra also announced the reactivation, on 9 September 2025, of the liquidity contract…

Link Securities | The company announced yesterday in a Relevant Fact sent to the National Securities Market Commission (CNMV) that, under the authorisation granted by the General Shareholders’ Meeting for the derivative acquisition of treasury shares, the Board of Directors has agreed to carry out a Temporary Share Buyback Programme with the following characteristics: • The purpose of the Programme is to enable the company to comply with its obligations…

CdM | Bernardo Villazán, independent member of Indra’s board of directors, has resigned as a member of the committee created by the company to manage conflicts of interest arising from the possible merger with Escribano Mechanical & Engineering (EM&E), according to a statement sent by the company to the Spanish National Securities Market Commission (CNMV). In this context, the company has decided to reduce the number of committee members from…

Link Securities | Indra (IDR) will invest €200 million in its newly created artificial intelligence subsidiary, IndraMind, with the aim of growing in artificial intelligence, cybersecurity and cyber defence, according to Expansión newspaper. Indra plans to make acquisitions to develop this new subsidiary and aspires to compete with the US company Pallantir.

Alphavalue/ Divacons | The Spanish IT services and consulting company has agreed to acquire the drone business of Spanish firm Aertec. The main objective of this transaction, which is expected to be finalised this week, is to strengthen Indra’s new weapons division, called Weapons & Ammunition. Aertec, which in its last fiscal year (ended 31 August 2024) had a turnover of around €50 million, established the subsidiary Aertec Defence and…