Indra Group has agreed to acquire an 89.68% stake in satellite operator Hispasat from Redeia for €725 million ($747 million). The deal also includes Redeia’s 43% stake in Hisdesat, a Spanish government satellite services provider, complementing Indra’s existing 7% share. This acquisition aligns with Indra’s strategy to expand its presence in Europe’s space sector, consolidating civil and military capabilities under Indra Space. The transaction is expected to close in Q4 2025, with projected synergies of up to €70 million ($72 million) by 2030. The move strengthens Indra’s position as a key player in European defense and space technology.
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