Indra says that Minsait shouldn’t be bought, exhibits curiosity in Santa Bárbara and can purchase a plant to Duro Felguera | Companies | EUROtoday

The new president of Indra since January, Ángel Escribano, has closed the door on the market from Minsait, the Indra technological subsidiary. The Executive has been blunt throughout his look within the Congress of this Thursday’s deputies in regards to the potential divestment, though he has left the door open for the sale of these elements of Minsait that will not be strategic. In September this firm already confirmed that it formally opened a technique of promoting Minsait Payments, which this Thursday has been renamed Nuek.

Escribano has been way more blunt in regards to the impossibility of promoting Minsait of what was the CEO of Indra, José Vicente de los Mozos, in early February, in his look after the presentation of outcomes. At that point, it was stated that the sale would solely happen if there was an satisfactory value and that there was no hurry to make the divestment. “When we sell Minsait, it will not be to distribute an extraordinary dividend to our shareholders, but to invest in this company,” stated the younger males at an analyst convention.

Several funds comparable to APAX or Cinven have probe the potential for this buy in latest months, though such potential curiosity has not been accomplished in any respect.

Escribano now says that his obsession with Minsait is to provide a very good service and thus have the ability to distance himself from his opponents. As they level out it’s a superb firm with superb professionals. However, he believes that providers have to be given in another way to the way it was executed in 2015, therefore in search of to provide him way more added worth, however he careworn that he has no intention that this agency is bought.

The president of Indra, Ángel Escribano, stated that the corporate will purchase a “large factory” from Duro Felguera in Gijón (Asturias) and reconvert it to “make vehicles” navy, an operation that the supervisor has revealed after General Dynamics has refused to promote the Santa Barbara manufacturing facility programs in Trubia (Oviedo).

As for the provide, it transfers General Dynamics on the Ovetense plant, Escribano has stated that an organization “has gone with the best of wills”, however that if General Dynamics doesn’t promote it “nothing happens.”

“We are going to buy another big factory in Gijón, which was that of Duro Felguera. We will rescue those 120, 150 people who are in that factory and start making vehicles, ”stated Escribano this Thursday within the framework of his look within the Mixed National Security Commission in Congress.

Although it has not entered into element of what manufacturing facility it refers to or the quantity of the potential acquisition, Duro Felguera counts in Gijón with a heavy boiler manufacturing facility specialised within the manufacture of strain vessels seems the petrochemical business and the nuclear sector. It is the plant of El Tellerón.

Hard Felguera is at the moment in preocconduct of collectors. The SEPI, which awarded a mortgage of 120 million euros in 2021 to save lots of the corporate after the Covid disaster, has given three extra months to this preconception ready for a negotiation with Algeria that may save him from chapter. The firm expects the SEPI to take the step of capitalizing the mortgage.

Regarding the Santa Barbara firm, Escribano has not entered to worth why it was bought, one thing that a number of deputies of the fee have shaved. But he has assured that it’s a nice craving for our Ministry, of our Armed Forces, of our Army of Earth to have the ability to have a nationwide manufacturing facility. “I will not criticize General Dynamics (current American firm owner of Santa Barbara), unless, as they say in the press, it is true and crystalline that there has been no investment, it has not grown and has destroyed the industrial fabric of what was once the great company Santa Bárbara, and for that reason from Indra, an option was launched to buy the capabilities and pay for their use.”

“It is a very, very successful purchase for the seller, because what we are going to do is bring other technologies and develop our own. This country deserves to have technologies that are ours. ” “Some of these technologies are paid by Spaniards with our money and with our taxes over the last 25 years,” he stated.

“That technology is owned by the Spaniards and what makes all the meaning is for that to be in our hands.” “Having this company in our hands we can multiply by three or four the size of the company,” says Escribano. “To nationalize that company again or that it would have it all the meaning,” concluded the president of Indra, who added that “we could also not do it, continue waiting and regret within X years.” “The idea of ​​integration in the Santa Barbara value chain is total,” the Executive has settled.

The president of Indra, Ángel Escribano, stated that the present circumstances have put the is available in favor for the corporate. In a context during which Europe intends to rearm and enhance the expense in protection, the brand new president of the corporate has highlighted his intention to make Indra right into a European champion within the sectors of area and protection. From the US repositioning concerning the battle of Russia and Ukraine, Indra, whose most shareholder is the State via the SEPI, has risen 60% within the inventory market.

However, the corporate’s first govt didn’t need to be complacent with the corporate’s state of affairs within the Mixed National Security Commission of the Congress of Deputies, the place it has appeared on the request of the PP. “We have had excellent results in 2024 but we cannot be conformist. Being good these results, they are not expected in our sector because other European companies have grown more than us, ”stated Escribano.

With this panorama, Escribano has developed the important thing factors of the Strategic Plan of Indra, which seeks to rework and provides “a radical change” with “a much more vertical structure.” Its intention is to recuperate capabilities and be an actor who leads the worth chain of the Spanish business within the sectors of protection and area. “We want to take size,” he stated. This govt believes that many capacities had been outsourced to 3rd international locations however within the present geopolitical panorama and experiences comparable to pandemic exhibit that it’s essential to recuperate these capacities to realize strategic autonomy. “We want Indra to have a manufacturing capacity again that you should never have lost,” stated Escribano.

In this logic he has justified the acquisition of Hispasat, which has a protection subsidiary, Hisdesat. The goal of Indra, which goals to bill 10,000 million euros in 2028, is to be a producer that covers all phases of manufacturing, from the design to the supply of its merchandise. “If we see the big companies in the sector that succeed in the world, like the American, they are generating value thanks to having a complete value chain. Today, buying and selling is only a good business, but it lasts little. The one who designs, manufactures and markets has firmer pillars. ”

Ángel Escriban has anticipated that “in the coming weeks” the wheel fight autos (VCR) 8×8 Dragon can be delivered, after having breached the supply deadlines required by the Spanish military that the armored ones commissioned.

Last December, the Ministry of Defense Amagó studied with imposing a nice for such delays. The head of Defense, Margarita Robles, summoned a gathering with the CEOs of the 4 Tess companions (Indra, General Dynamics Santa Barbara, Notary and Sapa) to investigate the march of the primary program of the Army of Earth, with a funds of two,500 million.

Escribano defined that the tuning of those fight armored ones is what has precipitated delays. The sophistication of the platform carried out by these 8×8 is behind the delays, as detailed.

This morning, earlier than the looks of Notary in Congress, Indra has introduced that its fee of technique of fee, Minsait Payments, has develop into known as Nuek. The identify change arrives six months after Indra confirmed that he had initiated a technique of promoting this division, with out for now having accomplished such divestment.

“This change is part of a growth and specialization strategy that reinforces its autonomy, its capacity for innovation and its positioning as a key partner in the transformation of the payment ecosystem. In today, the company operates in more than 20 countries in America and Europe and has more than 1,500 professionals specialized in this area, ”Minsait has detailed in an announcement.