Indra Sistemas (ES:IDR) has released an update.
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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.
