Indra is not considering the sale of its Minsait technology division, as elEconomista.es has been able to confirm from sources familiar with the situation, following certain information that pointed in the opposite direction. The Spanish company already recalled last week that the portfolio of this business stood at 2,189 million euros in the accumulated of the first nine months of the year, with a year-on-year growth of 18%. Likewise, in Indra’s last meeting with analysts, the group chaired by Marc Murtra also made it clear that it is not considering taking a stake in Telefónica.
As revealed a few days ago Borja García Alarcón, financial director of the companyIndra focuses its immediate priorities on the development of a new strategic plan, which will be announced in March, in a document that will define its strategic position in its different businesses, as well as its major product and service offerings.
García Alarcón left the door open to possible alliances with suppliers and clients, without ruling out eventual mergers or acquisitions in more advanced stages, after emphasizing that “it is not an option for Indra to take a stake in Telefónica.” At the same time, and in reference to other information about Indra’s possible interest in Hispasat, the management of The technology company perceives the space segment as an important element in its defense business, “where products and services are being demanded, so Indra needs to define a clear strategy in this area, beyond any specific name.” However, improving capabilities in the space segment could come through alliances with specialized partners, rather than acquisitions.
García Alarcón: “It is not an option for Indra to take a stake in Telefónica”
Pending the strategic plan led by José Vicente de los Mozos, CEO of Indra, the company will remain expectant about the evolution of the markets, aware that the definition of possible corporate movements will be postponed to the presentation of the aforementioned strategic plan. Along the same lines, from within Indra it is maintained that “Any possible acquisition must have industrial logic and complete financial sense”. Having said all the above, Indra’s strategy in the space segment, still pending definition, would not necessarily require mergers and acquisitions and could be carried out through alliances.
There are no doubts in the company that it is the determined commitment to reinforce Indra’s role in the field of defense, not only with its own capabilities but with the incorporation of new technology, procedures and talent in alliance with other companies to turn the company into the future Spanish defense champion. Among the group’s immediate objectives is participation in the development of the future European combat aircraft (FCAS).
