Indra strengthens its position as a global benchmark in air traffic systems
Indra expands its leadership in air traffic management (ATM) after its Board of Directors approved the acquisition of 100% of the share capital of Micro Nav and Global ATS from the UK-based Quadrant Group. The transaction is subject to regulatory approvals.
The transaction expands Indra's position in ATM by entering the training business segment and reinforces its position in the UK, where it has been working for decades as a technology partner of the air navigation service provider NATS. It also strengthens its leadership in ATM systems in the Middle East, where Micro Nav achieves more than 50 % of its sales.
Micro Nav is a company specialising in simulation systems and has the leading civil and military air traffic controller training solution on the market. The BEST (Beginning to End Simulation Training) system stands out for its capacity to adapt to the needs of each client, for offering combined tower and radar training and for the enormous realism of the 3D scenarios and immersive experience it offers.
Global ATS is the UK's leading controller training services company, providing services to many of the UK's general aviation, regional and international airports. It also has a growing international presence in the Middle East, Asia and the Commonwealth of Independent States (CIS) regions.
With the acquisition of both companies, Indra strengthens its position in a growing market that continues to expand as passenger numbers and airports grow, prompting air traffic management companies to invest more in training services to improve efficiency and enhance safety.
The deal also contributes to Indra's progress towards achieving the goals set out in its Leading the Future strategic plan, which was unveiled in March. This move comes a year after the company acquired the British company ParkAir, one of the world's leading suppliers of air traffic radios, and opted for inorganic growth also in the US market, which has led it to recently win important contracts with the US air navigation services provider, the FAA.
Indra has been advised by Clifford Chance (Legal) and KPMG (Due Diligence). Quadrant Group was advised by Cavendish Financial Plc (Corporate Finance) and Pinsent Masons (Legal).
