indra

Companies, In Spain 2nd January 2024

Indra considers raising €800m from sale of Minsait’s assets to finance possible purchase of part of Hispasat

Alphavalue/DIVACONS | The Spanish IT services and consultancy company is considering the acquisition of a stake in satellite operator Hispasat, which is partly owned by state-controlled network operator Redeia (RED), Cinco Días newspaper reported on Thursday citing unidentified market sources. Indra is considering raising €800 million from the sale of assets of its technology unit Minsait to finance the deal. On the other hand, the Council of Ministers authorised the…

In the World 29th November 2023

Indra to provide Vancouver International Airport (Canada) with most advanced control tower in the world

Link Securities| The Spanish company will supply Vancouver International Airport (Canada) with the world’s most advanced control tower. In a press release issued by Indra, the company explained that it is a digital system to control the movement of aircraft on the apron with which the Canadian airfield manager will start its own programme of digitalised apron management services. Indra will deliver an integral digital tower solution equipped with a…

In Spain 6th November 2023

Indra to adapt European single window regulation to Spain’s 46 ports, and be in charge of maintenance and support to users

Link Securities| The company has been awarded the contract by Puertos del Estado for the technological renovation of the maritime port single window in Spain. The tender seeks to provide it with new functionalities and adapt it to the European environment to improve the competitiveness of ports and national foreign trade, as reported yesterday by Europa Press. Specifically, Indra will adapt the Dueport national single window system to the European…

In Spain 25th September 2023

Indra ups investment in convertible bond buyback to €226.9m after receiving further expressions of interest

Link Securities| In connection with the invitation to the holders of its outstanding convertible bonds corresponding to the issue in the amount of 250,000,000 at 1.25% maturing in 2023, with ISIN code XS1500463358 to make offers to sell bonds to Indra (IDR), the company announced that, since then, it has continued to receive expressions of interest from bondholders for the repurchase of its bonds in the secondary market and has…

Companies 4th August 2023

Indra acquires 9.5% of ITP Aero for €175 M; will have a presence on the Board and will account for share in results

Renta 4| Indra (IDR) has reached an agreement to acquire 9.5% of ITP Aero for €175 million. This stake values 100% of ITP at €1.842 billion, slightly above the €1.8 billion it paid to Rolls Royce in September 2022. The deal will be executed in the coming weeks. Indra will be represented on the Board and will account for this stake in financial results. Indra and ITP Aero have reached…

Companies 2nd August 2023

Indra equips Lisbon’s metro with access system that allows payment by mobile, bank card or smartwatch

Link Securities | Europa Press reported on Tuesday that Indra (IDR) has provided the city of Lisbon (Portugal) with an access system for the metro that allows passengers to pay with their own mobile phone, bank card or smartwatch, without having to purchase a ticket or season ticket beforehand, while maintaining the rest of the travel options that existed previously. It is a state-of-the-art payment system that improves the traveller’s…

Spanish economy 19th July 2023

Indra and Oesía team up to modernise new generation systems and services for Armed Forces, Police and Civil Guard

Link Securities| The Oesía group, a Spanish multinational company dedicated to industrial and digital engineering, and the technology and defence company Indra have signed a strategic collaboration agreement by which they will combine key technological capabilities to improve the global offer of new generation systems and services for the Spanish Armed Forces and Security Forces, which will improve the positioning of both companies in the international market and European programmes….

Companies, European economy 5th June 2023

Indra signs binding agreement to acquire Park Air UK

Renta 4| Park Air is a leader in ground-to-air radio systems for civil and military air traffic management. Its customers include air navigation service providers, airports, systems integrators and government military organisations. Park Air has annual sales of around €20 million, achieved negative EBIT in 2022, more than 120 employees and a partner and distribution network that enables it to supply systems in more than 100 countries. The acquisition would…

Companies, Relevant News Item, Spanish economy 20th February 2023

Indra wins contract to develop Navy’s new-generation electronic intelligence systems

Link Securities | The Directorate General of Armament and Material (DGAM) has awarded Indra (IDR) a contract to develop and test the Navy’s new generation of electronic intelligence systems within the Santiago national programme of Electronic Defence, according to Europa Press. The systems under development aim to facilitate the detection and generation of strategic information to ensure the access and use of the electromagnetic spectrum for the Armed Forces. Indra…

Companies, Ibex, Spanish economy 8th November 2022

Indra enters US market with acquisition of Selex’s air traffic control business

Bankinter | Indra has bought Selex’s air traffic control business in the US. With this acquisition, the Spanish company, already one of the leaders in European air traffic control business, has now positioned itself in the US market. No details are yet known on the price of the transaction, but it is expected it will be completed in Q1 2023, once the relevant regulatory approval has been obtained. Analysts team’s…

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