Indra admits the possibility of buying Hispasat

José Vicente de los Mosos, CEO of Indra, has acknowledged the possibility of buying Hispasat, the Spanish company that operates satellites, although he does not see this as the only option for his plans to exponentially increase his presence in the aerospace business, one of the pillars of the Strategic Plan he presented today . This plan assumes that the space business will reach a turnover of 1,000 million euros, compared to the approximately 40 million it currently posts, which means that, in addition to organic growth, to achieve the targets planned.

Minsait

Likewise, Indra President Mark Murtra has ruled out a full sale of Minsait, an information technology business. Indra representatives have talked about selling a majority or minority stake in order to find a partner who will help develop Minsait’s capabilities. Perhaps the most likely formula would be a joint control agreement. However, Murtra noted that the company wants to “always” maintain a significant stake in Minsait, as the division provides synergies with the company’s other divisions, such as defense or aviation.

Without details

The presentation of the Strategic Plan lacks specificity, particularly in the areas of acquisitions and inorganic growth, as well as sales, which will be fundamental to achieving the ambitious growth targets announced by the company’s management team, which calls for 2.3 times revenue over seven years will increase from a turnover of 4,300 million in 2023 to 10,000 promised by the President and CEO for 2030.