After approving the constitution of the Space NewCo, Indra strengthens its portfolio by acquiring Deimos

• Indra’s Board of Directors has approved the creation of the Space NewCo, as announced in the presentation of its Leading the Future Strategic Plan, which will serve as a vehicle to provide comprehensive capabilities throughout the space industry value chain
• In order to expand its portfolio, Indra recently signed a contract with Elecnor to acquire Deimos, thus reinforcing its capabilities in all phases of a space mission, including satellite design and integration and the ground segment
• Indra’s 50 per cent stake in Startical, an initiative to provide air traffic management communication and surveillance services, will be incorporated into the NewCo to improve its positioning in the downstream segment for the exploitation of space capabilities

Indra has signed a contract with Elecnor for the acquisition of Deimos, a Spanish space company specializing in the undertaking of space missions and satellite integration, which has subsidiaries in the United Kingdom and several European Union countries. The agreement constitutes a major step in Indra’s space strategy and complements other recent developments, including the approval of the Indra Space spin-off and the creation of the Space NewCo and the integration of the Startical initiative into its portfolio.