Indra admits the possibility of buying Hispasat

José Vicente de los Mozos, the CEO of Indra, has admitted the possibility of buying Hispasat, the Spanish company that operates satellites, although he has not considered it the only possibility for his plans to exponentially increase his presence in the Aerospace business, one of the pillars of the Strategic Plan that he presented today.

This plan contemplates that the space business will reach a turnover of 1,000 million euros, compared to the approximately 40 million that it invoices now, which implies that, in addition to organic growth, there must be a large acquisition activity (M&A) to achieve the objectives. planned.

Minsait

Likewise, the president of Indra, Marc Murtra , has ruled out a total sale of Minsait , the information technology business. Indra officials have spoken about the sale of a majority or minority stake, with the aim of finding a partner to help develop Minsait’s capabilities. Probably the most likely formula will be a co-control agreement. However, Murtra has indicated that the company wants to “always” maintain a significant participation in Minsait because this division generates synergies with the other areas of the company, such as Defense or Air Traffic .

Without details

The presentation of the Strategic Plan has lacked specificity, especially in the aspects of acquisitions and inorganic growth, as well as divestments, which will be fundamental to achieve the ambitious growth objectives that the company’s management team has announced, which involves multiplying by 2.3 times the income in seven years, going from the 4,300 million turnover in 2023 to the 10,000 committed by the president and the CEO for 2030.

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