Indra Sistemas, S.A. acquired Paradigma Tecnológico, SL from its five shareholders which includes Ignacio Goatherd, Carmen Vidal and Oscar Méndez for €89.9 million.
January 16, 2018
Share
Indra Sistemas, S.A. (BME:IDR) acquired Paradigma Tecnológico, SL from its five shareholders which includes Ignacio Goatherd, Carmen Vidal and Oscar Méndez for €89.9 million on December 18, 2017. Under the terms of the agreement, the consideration consists of €70 million, which will be expanded with more indirect payments. Paradigma Tecnológico, SL will become part of Minsait unit of Indra Sistemas, S.A. and will operate as a new self-standing business unit and maintain its operating model and culture. Paradigma Tecnológico, SL reported revenues of €25 million in 2017. Alantra and KPMG Asesores S.L., Corporate Finance Arm acted as financial advisors and Ashurst LLP acted as legal advisor to Indra Sistemas in the transaction. Claudio Alvarez of GP Bullhound acted as financial advisor and Pérez-Llorca Abogados acted as legal advisor to Paradigma Tecnológico in the transaction.
Ernst & Young acted as legal advisor to Indra Sistemas, S.A.
Indra Sistemas, S.A. (BME:IDR) completed the acquisition of Paradigma Tecnológico, SL from its five shareholders which includes Ignacio Goatherd, Carmen Vidal and Oscar Méndez on December 18, 2017.
Indra Sistemas, S.A. is the Spanish leader in designing, developing, manufacturing and marketing of information technology, defense, and simulation systems. The group's activity is organized around 2 areas:
- sales of systems: IT systems (systems for air traffic control and management, electronic payment control, surveillance, identification, vote counting, on-line training platforms, etc.), electronic defense equipment (radar, observation satellites, communication systems, instrument panels, etc.), automatic simulation and maintenance systems (fighter pilot training, diagnosis, and error detection systems.), etc.;
- services: consulting, maintenance, project management, etc.
Net sales are distributed geographically as follows: Spain (49.6%), Italy (5.8%), Europe (11.2%), Brazil (5.5%), Americas (14.1%) and Asia-Middle East-Africa (13.8%).
Indra Sistemas, S.A. acquired Paradigma Tecnológico, SL from its five shareholders which includes Ignacio Goatherd, Carmen Vidal and Oscar Méndez for €89.9 million.
INDRA SISTEMAS, S.A. 
