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Spain’s Indra completes Hispasat buy, steps up billion-euro space mission
Spanish defence and IT group completes purchase of satellite operator Hispasat, adding another building block to plans for a €1bn+, ‘end-to-end’ European space player. Indra is targeting substantial revenue and efficiency gains, and a bigger role in European space projects, by melding the satco with existing satellite interests Deimos and Startical.
This article includes:
- Organisations: Abertis; Airbus; Deimos; Epicom; Eutelsat; Hisdesat; Hispasat; Indra Group; Indra Space; Minsait; Redeia; SES; SEPI (Sociedad Estatal de Participaciones Industriales); Startical; Telefónica; Telefónica Tech.
- Geographic: European Union; Spain.
- People: Angel Escribano; Marc Murtra.
- Themes: buyout; comms and surveillance; consolidation; defence technology; digital services; European satellite industry; GEO/LEO/MEO satellites; government and military systems; integration synergies; IT services; national space champion; spin-off; strategic plan; telecommunications infrastructure.
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