Indra Sistemas

Indra Sistemas, S.A.
TypePublic
BMAD: IDR
IBEX 35
ISINES0118594417
IndustryInformation technology
Consulting
Outsourcing
Founded1992; 34 years ago (1992)[citation needed]
HeadquartersAlcobendas, Community of Madrid, Spain
Key peopleÁngel Simón, Chairman
José Vicente de los Mozos, CEO
ServicesDefence, transport, energy, telecommunications, financial services and public sector clients
RevenueIncrease €5.46 billion (2025)
Increase €586 million (2025)
Increase €439 million (2025)
Total assetsIncrease €9.13 billion (2025)
Total equityIncrease €1.99 billion (2025)
Number of employees
Increase 62,396 (2025)
Websitewww.indracompany.com/en/ Edit this at Wikidata

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

The company operates in sectors such as transport and mobility, defense and security, air traffic management, space, public administration, financial services, energy, and telecommunications.

The non-executive chairman is Ángel Simón, since April 2026, while José Vicente de los Mozos is CEO since May 2023.

Business areas

Indra structures its activities around several core business areas focused on the development and delivery of technology solutions for complex, mission-critical environments.

Mobility and transport

Mobility is one of Indra’s main business areas, focused on intelligent transport systems for urban, interurban, and rail environments. The company provides technology solutions for transport authorities and operators worldwide, including:

Defense and security

Indra develops advanced technology solutions for defense and security applications, serving military and civil authorities. Its activities include:

Air traffic management

The company is a global provider of air traffic management solutions for civil and military aviation, including:

Digital transformation and IT services

Indra offers information technology and consulting services to support digital transformation across multiple sectors, including:

Other sectors

In addition to its core business areas, Indra delivers specialized technology solutions for:

History

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

In January 2025, Ángel Escribano was appointed as executive chairman in replacement of Marc Murtra, who was appointed as Telefónica chairman. Also in January 2025, Indra purchased the 89.68% of communications satellite operator Hispasat from Redeia. 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.

In March 2026, Indra and Rheinmetall signed a strategic partnership agreement aimed towards the production of military vehicles, including the creation of a joint venture set to bid for a contract of the Spanish armed forces. It also signed an industrial collaboration agreement with the Korean company Hanwha to develop a self-propelled artillery system for the Spanish military.

In April 2026, Escribano resigned as executive chairman and Ángel Simón was appointed as non-executive chairman.

Irish Rail

In 2020, Iarnród Éireann contracted Indra to provide a traffic management system for the Irish railway network.

In May 2026, Iarnród Éireann wrote off €50 million for a failed software project after Indra missed several deadlines and the rail company's lack of confidence in the company's ability to provide software to meet the terms of the contract. Indra stated that there was insufficient specification and gaps in knowledge about existing systems and practices. The Irish parliamentary Public Accounts Committee was told that the failed Indra project had cost a "staggering amount of money" and was an "absolute scandal".

In September 2026, Iarnród Éireann formally terminated the contract, indicating it was going to seek damages from Indra. Indra stated that failed deliveries resulted from ineffective management by Iarnród Éireann.

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]

Shareholder structure

As of 6 May 2026, this is the current shareholder structure of the company:

Society Shares
        Free float 48.3%
 
Spain Sociedad Estatal de Participaciones Industriales 28.00%
 
Spain SAPA 7.94%
 
United Kingdom Amber Capital 7.24%
 
United States T. Rowe Price 5.01%
 
United States D. E. Shaw & Co. 3.51%
 

References

  1. 1 2 3 4 5 6 "Indra Sistemas, S.A. And Subsidiaries Consolidated Financial Statements for the year ended 31 December 2025 and Consolidated Directors Report, together with Independent Auditor's Report" (PDF) (in Spanish). Indra Sistemas. Retrieved 26 February 2026.
  2. ↑ Pinto, Manuel (14 March 2025). "Indra impulsa al Ibex 35". La Razón.
  3. ↑ Masa, Raúl (2026-04-03). "Ángel Simón toma las riendas de Indra con el futuro en manos del Gobierno". Diario ABC (in Spanish). Retrieved 2026-05-07.
  4. ↑ Guijarro, Raquel Díaz (2023-05-18). "José Vicente de los Mozos, nuevo consejero delegado de Indra". Cinco Días (in Spanish). Retrieved 2026-05-07.
  5. ↑ 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.
  6. ↑ García, Ter (15 November 2019). "De EISA a Indra, 80 años de fusiones para crear el grupo tecnológico estatal de referencia". La Marea.
  7. ↑ 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.
  8. ↑ "Indra ejecuta el plan de Moncloa y compra el 90% de Hispasat a Redeia por 725 millones". El Confidencial. 31 January 2025.
  9. ↑ 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.
  10. ↑ Carrasco, Benjamín (14 March 2025). "Escribano critica la gestión de GDELS en Santa Bárbara: "Ha destruido casi todo el tejido industrial"". Infodefensa.
  11. ↑ "Indra firma una alianza con el gigante alemán Rheinmetall que aspira a fabricar 3.000 vehículos militares". Cinco Días (in Spanish). 26 March 2026. Retrieved 27 March 2026.
  12. ↑ "Indra firma con la coreana Hanwha un acuerdo para desarrollar en España sistemas innovadores de artillería autopropulsada para Defensa". La Información Económica (in Spanish). 24 March 2026. Retrieved 27 March 2026 – via 20minutos.es.
  13. ↑ "Ángel Escribano dimite como presidente de Indra por la presión del Gobierno, que propone a Ángel Simón como alternativa". El Mundo (in Spanish). 2026-04-01. Retrieved 2026-05-07.
  14. ↑ "Indra Group Indra Group Defence Air Traffic Space Mobility IndraMind Minsait EN Español English LogoLogo Our Group Investor Relations Transformative Technologies Industrial Capability Sustainable Impact Talent i2i Blog Press Where we are Toogle menu Home / News Iarnród Éireann-Irish Rail selects Indra for 32 million euros contract to develop traffic management system for new national train control centre". Indra Group. Retrieved 7 September 2026.
  15. ↑ Byrne, Louise (18 July 2026). "The €50m misstep: What's behind Irish Rail's massive write down?". RTÉ News. Retrieved 7 September 2026.
  16. ↑ Wall, Martin (16 July 2026). "Failed €50m rail IT system: contractor says scope of project was 'not sufficiently specified'". Irish Times. Retrieved 17 July 2026.
  17. ↑ Hurley, Sandra; McGrath, Pat (2026-05-21). "€50m write-off of Iarnród Éireann IT project an 'absolute scandal". RTÉ News.
  18. ↑ Wall, Martin (7 September 2026). "Irish Rail to seek damages from IT firm after €50m writedown on train control project". Irish Times. Retrieved 7 September 2026.
  19. ↑ "Shareholders structure". Indra. Retrieved 8 Mar 2023.