Indra Sistemas, S.A. agreed to acquire Global Ats Limited and Micro Nav Ltd from Quadrant Group Limited.
November 03, 2024
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Indra Sistemas, S.A. (BME:IDR) agreed to acquire Global Ats Limited and Micro Nav Ltd from Quadrant Group Limited on November 4, 2024.
The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer board. The deal has been approved by the board.
Pinsent Masons acted as legal advisor for Quadrant Group Limited. Clifford Chance S.L.P. acted as legal advisor for Indra Sistemas, S.A. KPMG Recursos S.A. acted as due diligence provider for Indra Sistemas, S.A. Cavendish Corporate Finance LLP acted as financial advisor for Quadrant Group Limited.
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 (5.6%), Europe (13.2%), Brazil (5.1%), Americas (16.3%) and Asia-Middle East-Africa (10.2%).
INDRA SISTEMAS, S.A. 
