Indra acquires majority stake in TESS Defence
This morning, Indra has executed the acquisition of an additional 26.34% of the share capital of TESS Defence, following the fulfillment of the conditions precedent to which the transaction was subject
Indra now holds 51.01% of the share capital of TESS Defence, while the remaining shareholders, EM&E Group, GDELS-Santa Bárbara, and SAPA, each retain a 16.33% stake
Indra has acquired a majority stake in TESS Defence, following the transaction consisting of the acquisition by Indra of a 26.34% of the share capital of TESS Defence has been executed today in the terms reported, as the conditions precedent to which it was subject have been fulfilled.
Indra therefore now holds 51.01% of the share capital of TESS Defence, the remainder being distributed as follows: GDELS-Santa Bárbara Sistemas: 16.33%; EM&M Group: 16.33% and SAPA.: 16.33%.
Indra announced its intention to acquire a majority stake in TESS Defence on 29 October 2024. This transaction represents a strategic move for Indra, reinforcing its presence in the land defense industry.
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