Indra Sistemas (ES:IDR) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Indra Sistemas has announced an agreement to increase its stake in TESS DEFENCE, a Spanish military vehicle company, from 24.67% to 51.01% for 106.7 million euros. This strategic move aligns with Indra’s plan to lead Spain’s defense sector, consolidating TESS as a key player in armored vehicle programs. The acquisition allows Indra to fully integrate TESS, enhancing its role in future defense projects.
For further insights into ES:IDR stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue