Indra Group acquires 89.7% of Hispasat for 725 million: Advisors
Indra Group has reached an agreement with Redeia to acquire its 89.68% stake in Hispasat for 725 million euros, which also includes 43% of Hisdesat’s share capital. Indra already held 7% of Hisdesat’s shares. This agreement contains a suspensive clause which establishes as a mandatory condition the financial consolidation of Hisdesat in the Indra Group’s accounts.
The acquisition responds to Indra Group’s objective of ensuring the control of communications in space, which is of growing importance in both the civil and military worlds. After acquiring 100% of Deimos in 2024, Indra Group now adds the capabilities of Hispasat and Hisdesat to the development of its Space NewCo, which will be called Indra Space.
These synergies are expected to generate €20-30 million EBITDA by 2026 and grow to €50-70 million by 2030.
By 2026, Hispasat and Hisdesat are also expected to contribute significantly to Indra Group’s financial targets, generating €400 million in revenue, which translates into €190 million EBITDA and €50 million EBIT.
Gómez-Acebo & Pombo has advised Indra Sistemas with a team led by Guillermo Guerra, corporate partner, and integrated by Diana Linage, Patricia Pérez, Carlota Mazzuchelli and Emiliano Moreno (corporate); Rocío Arias (tax); Andrew Ward and Victoria Rivas (competition) and Juan Romero (public).
In turn, the Indra Sistemas team included: David Santos (CLO), Patricia Montoro (Head M&A Legal) and Macarena Maza (M&A Legal).
