Indra evaluates a merger with Escribano but the company denies that it is "for sale"

Indra has hired the services of the consulting firm KPMG to study a possible merger with Escribano Mechanical and Engineering (EM&E), although the latter assures that "it is not for sale", according to various information published late this Thursday. It should be remembered that EM&E is the second largest shareholder of Indra with 14.3% of its shareholding, only behind the government, that through the State Society of Industrial Participations …

Indra is studying a possible integration with the family company of Escribano Mechanical & Engineering Defense (EM&E Group) to gain productive capacity, according to sources of the sector. The family company of which he was president until last January Angel Escribano, current president of Indra, owns 14% of the latter, controlled by 28% by the State Society of Industrial Participations (SEPI).

Indra has confirmed a "possible operation" with Escribano Mechanical & Engineering (EM&E) in a statement sent this Friday to the National Securities Market Commission (CNMV) following the information published this Thursday. However, it has declared that it is one among so many other alternatives framed in its strategic plan and that it is a continuous process led by the CEO (José Vicente de los Mozos).

Indra has confirmed a "possible operation" with Escribano Mechanical & Engineering (EM&E) in a statement sent this Friday to the National Securities Market Commission (CNMV) following the information published this Thursday. However, it has declared that it is one among so many other alternatives framed in its strategic plan and that it is a continuous process led by the CEO (José Vicente de los Mozos).

The company emphasizes that José Vicente de los Mozos, CEO, leads the process of analysis of possible inorganic operations in defense. More information: Indra reports to KPMG to analyze a possible purchase of Escribano, the family company of its current president

Indra will be able to double its sales after EM&E's "fagocitation" to compete head-on with European technology and defence giants, although its stock market revaluations are much more intense