Indra Sistemas SA, the Spain based provider of IT consulting, system design and data management services is to acquire 26.33% of Tess Defence SA, the local developer of combat vehicles from Santa Barbara Sistemas SA, SAPA Placencia SL and Escribano Mechanical & Engineering Ltd. The consideration was EUR 106.7m ($115.32m).
The deal is subject to regulatory approvals.
Advised in the sale of
Tess Defence SA
to