Indra Sistemas

Indra Sistemas, S.A.
	Headquarters in Alcobendas, Spain
Company type	Public
Traded as	BMAD: IDR; IBEX 35
ISIN	ES0118594417
Industry	Information technology; Consulting; Outsourcing
Founded	1992; 33 years ago[citation needed]
Headquarters	Alcobendas, Community of Madrid, Spain
Key people	Ángel Escribano
Services	Defence, transport, energy, telecommunications, financial services and public sector clients
Revenue	€4.34 billion (2023)
Operating income	€304 million (2023)
Net income	€206 million (2023)
Total assets	€4.72 billion (2023)
Total equity	€1.14 billion (2023)
Number of employees	57,755 (2023)
Website	www.indracompany.com

Indra Sistemas, S.A. (Spanish pronunciation: [ˈindɾa sisˈtemas]) is a Spanish information technology and defense company. Indra is listed on the Bolsa de Madrid and is a constituent of the IBEX 35 index.^[2]

The current executive chairman is Ángel Escribano.^[3]

In 2018 and 2019 Indra was fined for participating in a 14-year cartel rigging the contracts for Spanish railway infrastructure and leading a 15-year cartel rigging the offers of IT services to several public administrations in Spain.

Business areas

Indra is organized around three business areas: information technologies, simulation & automatic test equipment, and defense electronic equipment.^{[citation needed]} Indra's portfolio ranges from consultancy, project development, and systems and applications integration to outsourcing of IT systems and business processes, structured into two primary segments: solutions and services (including outsourcing and application maintenance), and business processes where technology is a strategic and differentiating element (BPO).^{[citation needed]} This includes:

Air traffic control systems, where as of 2009 it was one of the world's largest suppliers;^[4] Indra claims that a third of the world's air traffic is managed by systems developed by the company (such as the SACTA system)
Aircraft simulators
Defense
Ticketing systems developed for rapid transit systems such as those in Madrid, Barcelona, Paris, Lisbon, Shanghai, Athens, Buenos Aires, Mumbai^[5] and Santiago de Chile^{[citation needed]}
Financial services
Energy
Electoral technology and processes
Health information systems

History

The company was formed as Ceselsa-Inisel S.A. upon the merge of Cecelsa and Inisel (by absortion of the latter by the former).^[6] The initial share pool was owned by INI (62%), José Antonio Pérez Nievas [es] (20%), Sainco (4%), BBV (4%), and Paribas (3%).^[7]

In January 2025, Ángel Escribano was appointed as executive chairman in replacement of Marc Murtra, who was appointed as Telefónica chairman.^[8] Also in January 2025, Indra purchased the 89.68% of communications satellite operator Hispasat from Redeia.^[9] Later in 2025, in the context of General Dynamics European Land Systems' rejection of Indra offers for Santa Bárbara Sistemas (and its factory in La Trubia [es]), Indra president Ángel Escribano announced plans to launch an 'Indra Land Vehicles' division and the purchase of a factory in Gijón from Duro Felguera to develop military vehicles.^[10]^[11]

Revenues

About a third of the company's annual revenues come^[when?] from international markets.^{[citation needed]} By geographical areas, Europe and the United States are^[when?] the two international markets with the greatest weight and growth for Indra. Indra is operating also in Latin America.^{[citation needed]}

Fines for rigging

Indra was fined in 2018,^[12] and 2019^[13] for participating in a 14-year cartel rigging the contracts for Spanish railway infrastructure and leading a 15-year cartel rigging the offers of IT services to several public administrations in Spain.^[14]

Indra Sistemas ran the 2008 Angolan legislative election and was accused of helping the MPLA win that election.^[15]

Shareholder structure

The current^[when?] shareholder structure of the company is the following:^[16]

Society	Shares
Free float	40.94%	40.94
Sociedad Estatal de Participaciones Industriales (Spanish government)	28%	28
Escribano	8%	8
SAPA	7.94%	7.94
Fidelity Investments	7.88%	7.88
Amber Capital	7.24%	7.24

References

^ ^a ^b ^c ^d ^e ^f "Indra Sistemas, S.A. And Subsidiaries Consolidated Financial Statements for the year ended 31 December 2023 and Consolidated Directors Report, together with Independent Auditor's Report" (PDF) (in Spanish). Indra Sistemas. Retrieved 6 March 2024.
^ Pinto, Manuel (14 March 2025). "Indra impulsa al Ibex 35". La Razón.
^ Cruz Peña, Juan (19 January 2025). "Indra nombra a Ángel Escribano presidente ejecutivo con los mismos poderes y sueldo que tenía Marc Murtra". El País.
^ Harding, Ben (20 January 2009). "Indra sees 2009 sales up 5-7 pct, hits '08 targets". Reuters. Archived from the original on September 18, 2012. Retrieved 2009-01-26.
^ "Mumbai Metro to run in 30 months, awards major contracts". The Economic Times. 18 September 2008. Retrieved 29 October 2024.
^ Calvo, Angel (2019). "Sector privado y sector público en la industria española de alta tecnología: Indra". Biblio3W Revista Bibliográfica de Geografía y Ciencias Sociales. 24 (1259). Universitat de Barcelona. doi:10.1344/b3w.0.2019.27427. ISSN 1138-9796.
^ García, Ter (15 November 2019). "De EISA a Indra, 80 años de fusiones para crear el grupo tecnológico estatal de referencia". La Marea.
^ Martínez, Jesús (20 January 2025). "Moncloa blinda el control sobre Indra a costa de colocar a Escribano en la presidencia". La Información Económica – via 20minutos.es.
^ "Indra ejecuta el plan de Moncloa y compra el 90% de Hispasat a Redeia por 725 millones". El Confidencial. 31 January 2025.
^ Carrasco, Benjamín (13 March 2025). "Indra crea la división Land Vehicles y comprará a Duro Felguera una planta en Gijón para fabricar vehículos militares". Infodefensa.
^ Carrasco, Benjamín (14 March 2025). "Escribano critica la gestión de GDELS en Santa Bárbara: "Ha destruido casi todo el tejido industrial"". Infodefensa.
^ "S/DC/0565/15 - LICITACIONES APLICACIONES INFORMÁTICAS | CNMC". www.cnmc.es (in Spanish). Comisión Nacional de los Mercados y la Competencia. 26 July 2018. Retrieved 10 November 2023.
^ "S/DC/0598/16 - ELECTRIFICACIÓN Y ELECTROMECÁNICA FERROVIARIAS | CNMC". www.cnmc.es (in Spanish). Comisión Nacional de los Mercados y la Competencia. 28 March 2023. Retrieved 10 November 2023.
^ Peña, Juan Cruz (14 October 2023). "La justicia avala las multas a Indra, IBM y el resto del cártel de la informática que infló precios al Estado". elconfidencial.com (in Spanish). Retrieved 10 November 2023.
^ "Angola's poll 'cooked from the start'". IOL.co.za. 2012-08-12. Retrieved 2012-08-20.
^ "Shareholders structure". Indra. Retrieved 8 Mar 2023.

[AR-1] ^ ^a ^b ^c ^d ^e ^f "Indra Sistemas, S.A. And Subsidiaries Consolidated Financial Statements for the year ended 31 December 2023 and Consolidated Directors Report, together with Independent Auditor's Report" (PDF) (in Spanish). Indra Sistemas. Retrieved 6 March 2024.

[2] Pinto, Manuel (14 March 2025). "Indra impulsa al Ibex 35". La Razón.

[3] Cruz Peña, Juan (19 January 2025). "Indra nombra a Ángel Escribano presidente ejecutivo con los mismos poderes y sueldo que tenía Marc Murtra". El País.

[4] Harding, Ben (20 January 2009). "Indra sees 2009 sales up 5-7 pct, hits '08 targets". Reuters. Archived from the original on September 18, 2012. Retrieved 2009-01-26.

[5] "Mumbai Metro to run in 30 months, awards major contracts". The Economic Times. 18 September 2008. Retrieved 29 October 2024.

[6] Calvo, Angel (2019). "Sector privado y sector público en la industria española de alta tecnología: Indra". Biblio3W Revista Bibliográfica de Geografía y Ciencias Sociales. 24 (1259). Universitat de Barcelona. doi:10.1344/b3w.0.2019.27427. ISSN 1138-9796.

[7] García, Ter (15 November 2019). "De EISA a Indra, 80 años de fusiones para crear el grupo tecnológico estatal de referencia". La Marea.

[8] Martínez, Jesús (20 January 2025). "Moncloa blinda el control sobre Indra a costa de colocar a Escribano en la presidencia". La Información Económica – via 20minutos.es.

[9] "Indra ejecuta el plan de Moncloa y compra el 90% de Hispasat a Redeia por 725 millones". El Confidencial. 31 January 2025.

[10] Carrasco, Benjamín (13 March 2025). "Indra crea la división Land Vehicles y comprará a Duro Felguera una planta en Gijón para fabricar vehículos militares". Infodefensa.

[11] Carrasco, Benjamín (14 March 2025). "Escribano critica la gestión de GDELS en Santa Bárbara: "Ha destruido casi todo el tejido industrial"". Infodefensa.

[S/DC/0565/15-12] "S/DC/0565/15 - LICITACIONES APLICACIONES INFORMÁTICAS | CNMC". www.cnmc.es (in Spanish). Comisión Nacional de los Mercados y la Competencia. 26 July 2018. Retrieved 10 November 2023.

[S/DC/0598/16-13] "S/DC/0598/16 - ELECTRIFICACIÓN Y ELECTROMECÁNICA FERROVIARIAS | CNMC". www.cnmc.es (in Spanish). Comisión Nacional de los Mercados y la Competencia. 28 March 2023. Retrieved 10 November 2023.

[Peña-14] Peña, Juan Cruz (14 October 2023). "La justicia avala las multas a Indra, IBM y el resto del cártel de la informática que infló precios al Estado". elconfidencial.com (in Spanish). Retrieved 10 November 2023.

[15] "Angola's poll 'cooked from the start'". IOL.co.za. 2012-08-12. Retrieved 2012-08-20.

[SS2012-16] "Shareholders structure". Indra. Retrieved 8 Mar 2023.

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