Indra Group UK & Ireland delivers technology consulting and proprietary software solutions for core business operations, with a focus on Transport, Defense, and digital transformation services. Its offerings combine a broad portfolio of proprietary products with consulting and IT services to help clients optimize and modernize their operations. The company differentiates itself through a global footprint and deep expertise in both specific industry segments (transport and defense) and cross-industry digital transformation, backed by a large, multinational team. Its goal is to help clients improve efficiency and effectiveness by integrating advanced technologies into their business processes and operations.
Company Size
10,001+
Company Stage
IPO
Headquarters
Alcobendas, Spain
Founded
1918
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Indra has acquired 100% of Dares Technology, a Barcelona-based company specialising in synthetic aperture radar and advanced image processing. The Spanish multinational aims to strengthen its capabilities in radar systems, unmanned vehicles, and defence technologies. Founded in 2015 in Castelldefels, Dares Technology emerged from the European Space Agency's business incubation centre. The company develops high-precision imaging technology that can detect surface changes of just centimetres, useful for topographic mapping, border surveillance, and infrastructure monitoring. Indra plans to integrate Dares's compact, high-performance radar into its Tarsis Class I drones for the Armed Forces. The acquisition brings 27 specialists to Indra's Centre of Excellence for Radars. The deal marks Indra's latest expansion move, following its recent 30% acquisition of technology firm TRC. Indra reported €5.457 billion in revenues for 2024.
Indra Group will exhibit at APTAtech 2026 in St Louis from 9–12 August, showcasing its smart ticketing solutions for North American transit agencies. The Spanish mobility technology company recently secured a $16 million contract with Bi-State Development to replace ticket vending machines across 38 MetroLink light rail stations in Missouri and Illinois. The new machines feature enlarged screens, full accessibility, and AI-ready technology designed for extreme weather conditions. Indra will also highlight its contract with Washington Metropolitan Area Transit Authority, valued at up to $75 million, to overhaul automatic ticket vending systems across 98 stations. The project includes designing, manufacturing, and maintaining up to 450 customer terminals over 15 years. The company is manufacturing equipment for these projects at its new production facility in Olathe, Kansas.
The Washington Metropolitan Area Transit Authority has commissioned Indra Group to install up to 450 new, ADA-accessible customer terminals across Washington DC's entire subway network. The contract starts at $38.9 million and could reach $75 million with all options included. The project covers design, manufacture, supply and 15-year maintenance of terminals replacing current fare vending machines at 98 stations across five subway lines serving over 500,000 daily passengers. The terminals will be produced at Indra's new Kansas factory and feature multilingual interfaces, account-based ticketing, contactless payments and digital wallet integration. The contract strengthens Indra Group's US presence following recent projects in air traffic management, tolling and connected vehicle technology, supporting the Spanish company's American growth strategy.
Indra Group has signed a memorandum of understanding with Canadian AI company Cohere to develop sovereign AI solutions in Spain, Canada and Europe. The partnership, implemented through Indra's IndraMind initiative, aims to protect critical assets and promote bilateral technology cooperation between the two countries. The collaboration will include developing an agentic AI platform to help SMEs expand internationally and strengthen supply chains. IndraMind will provide sovereign computing and data management capabilities, whilst Cohere will supply large language models adapted to Spain's official languages, including Castilian Spanish, Catalan, Valencian, Basque and Galician. The agreement also covers AI research in defence to improve technological interoperability during multinational operations. The MoU was signed during an institutional visit to Canada led by King Felipe VI and Spain's economy minister.
Indra, Spain's defence champion, announced on Monday that CEO José Vicente de los Mozos will not renew his contract when it expires on 30 June. Despite company filings suggesting a voluntary departure, sources say it was a forced exit, with De los Mozos wanting to remain. The departure follows Ángel Simón's appointment as non-executive chairman on 2 April, after Ángel Escribano's resignation. Since arriving, Simón has rapidly accumulated power, being added to and chairing both strategy and executive committees. The Spanish state, through holding company SEPI, owns 28% of Indra, making it the largest shareholder. The government's influence has driven leadership changes over the past year. Indra's shares have fallen over 20% since early March when governance turmoil intensified, though they recovered slightly on Tuesday.