Mechanical company Notary increased its weight in the shareholding Indra up to 8%. The Spanish company, which acquired a 3.4% stake for 65 million in May, is increasing its weight in the listed company and strengthening its position as a key player in the stock market. defense industry Spanish language.

The firm of brothers Angel and Javier Escribano qualifies the activities of the company they head. Mark Mutra as a “strategic investment” to strengthen its business position. Among other things, it aims to promote the creation of new technologies, the development of new opportunities and the creation of skilled jobs throughout Spain.

“This operation will contribute to the development of current and future defense programs in which the company operates in both international and domestic markets,” the company, founded in 1989, said in a statement.

This transaction makes them the second shareholder after State Company of Industrial Participation (SEPI), which controls almost 30% of Indra’s capital.

In Cordoba, the company is investing $20 million to produce new smart munitions and technologies for missile launchers. This will mean the creation of more than 200 new direct highly skilled jobs.

The company says it has had “profit growth averaging about 35% per year over the past 10 years due to the vertical integration of its manufacturing facilities and the inclusion of engineering businesses.”

It did sample The workforce has grown from 80 in 2010 to more than 750 today, with an average age of 30 to 35 years. Engineers and technical profiles are highlighted. A total of 40% are women, and the company is run by the two sons of the founder.

The firm emphasizes its investment in innovation and R&D+i, which reaches 68% of operating profit (13 million euros in 2022) and has grown by 126% in the last two years.

Right now export to more than 25 countries around the world and plans to complete 2023 with a turnover 120 million euros. In addition, the company recently received a BBB (investment grade) credit rating, a recognition that confirms its solvency to conduct corporate operations, something only 8% of reviewed companies achieve.