Indra Sistemas, S.A. acquired Air Traffic Management activities of Selex ES Inc.
May 30, 2023
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Indra Sistemas, S.A. (BME:IDR) entered into an agreement Air Traffic Management activities of Selex ES Inc. on November 7, 2022. Post-closing, Selex's Air Traffic Management activities will be incorporated into Indra Air Traffic Inc. The transaction is subject to customary regulatory clearances and conditions precedent, including the clearance from CFIUS (Committee on Foreign Investment in the United States). The transaction is expected to be completed in the first quarter of 2023. As on March 27, 2023, National Commission for Markets and Competition (CNMC) has authorized in the first phase the purchase of the air traffic business of Selex. For the transaction, Leonardo and Selex ES were assisted by Stephens, Inc. as financial advisor and Fernando Alonso of Hunton Andrews Kurth LLP served as legal advisor.
Indra Sistemas, S.A. (BME:IDR) completed the acquisition of Air Traffic Management activities of Selex ES Inc. on May 1, 2023. The closing of the transaction occurs following the customary regulatory clearances.
Indra Sistemas, S.A. is the Spanish leader in designing, developing, manufacturing and marketing of information technology, defense, and simulation systems. The group's activity is organized around 2 areas:
- sales of systems: IT systems (systems for air traffic control and management, electronic payment control, surveillance, identification, vote counting, on-line training platforms, etc.), electronic defense equipment (radar, observation satellites, communication systems, instrument panels, etc.), automatic simulation and maintenance systems (fighter pilot training, diagnosis, and error detection systems.), etc.;
- services: consulting, maintenance, project management, etc.
Net sales are distributed geographically as follows: Spain (49.6%), Italy (5.8%), Europe (11.2%), Brazil (5.5%), Americas (14.1%) and Asia-Middle East-Africa (13.8%).
INDRA SISTEMAS, S.A. 
