The 30% stake in Epicom, a defence company specialising in cryptographic solutions, ensures national sovereignty and strengthens the position of both companies in encrypted communications

Indra and Grupo Oesía acquire a 60% stake in Epicom in equal shares

photo_camera PHOTO/FILE - Indra

Indra, a leading global technology and consultancy company, and Grupo Oesía, a Spanish multinational dedicated to industrial and digital engineering, have each taken a 30% stake in Epicom, Duro Felguera's defence company specialised in cryptographic solutions. SEPI, which holds 40%, has assigned its 30% call option to each company. 

This operation strengthens the position of both companies in a critical area for security and defence. It also guarantees national sovereignty in the key capability of national, European and NATO encrypted communications, as well as Epicom's technological capacity and financial support, enables its stability and growth, and protects strategic capabilities in relation to national security.

The financial strength brought to Epicom by its two new partners will enable it to advance its own development of new technologies, such as post-quantum systems, as well as new markets in the private sector. In this way, Epicom will be able to continue to evolve in its technological specialisation in encryption systems equipped with the highest levels of security. 


The entry of Indra and Oesía Group in Epicom also contributes to the underlying strategy of advancing in the consolidation of the defence and national security sector to generate a strong industrial ecosystem that reinforces competitiveness and national and European technological sovereignty. 

Indra and Grupo Oesía already signed a long-term collaboration agreement last July to improve the global offer of critical solutions for the Spanish Armed Forces and Security Forces.

Luis Furnells, CEO of Grupo Oesía, said: "This operation consolidates the national leadership of Grupo Oesía in the secure communications sector. With Cipherbit, Grupo Oesía assumes 65% of this market. This operation continues the path of collaboration between the main Spanish companies in the defence sector, which was sealed in the agreement signed with Indra last July". 

For Indra's CEO, José Vicente de los Mozos: "Indra continues to strengthen its role as a driving force in the defence and security sector in Spain, supporting the growth and competitiveness of the entire industrial ecosystem. To do so, it is necessary to strengthen capabilities such as those of Epicom, which are critical for security and defence in an increasingly digital environment".

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