_01.jpg){kind=link}
The story
The company was formed as Ceselsa-Inisel S.A. upon the merge of Ceselsa and Inisel (by absorption of the latter by the former). The initial share pool was owned by INI (62%), José Antonio Pérez Nievas (20%), Sainco (4%), BBV (4%), and Paribas (3%).
In January 2025, Ángel Escribano was appointed as executive chairman in replacement of Marc Murtra, who was appointed as Telefónica chairman. Also in January 2025, Indra purchased the 89.68% of communications satellite operator Hispasat from Redeia. Later in 2025, in the context of General Dynamics European Land Systems' rejection of Indra offers for Santa Bárbara Sistemas (and its factory in La Trubia), Indra president Ángel Escribano announced plans to launch an 'Indra Land Vehicles' division and the purchase of a factory in Gijón from Duro Felguera to develop military vehicles.
In March 2026, Indra and Rheinmetall signed a strategic partnership agreement aimed towards the production of military vehicles, including the creation of a joint venture set to bid for a contract of the Spanish armed forces. It also signed an industrial collaboration agreement with the Korean company Hanwha to develop a self-propelled artillery system for the Spanish military.
In April 2026, Escribano resigned as executive chairman and Ángel Simón was appointed as non-executive chairman.
Irish Rail
In 2020, Iarnród Éireann contracted Indra to provide a traffic management system for the Irish railway network.
In May 2026, Iarnród Éireann wrote off €50 million for a failed software project after Indra missed several deadlines and the rail company's lack of confidence in the company's ability to provide software to meet the terms of the contract. Indra stated that there was insufficient specification and gaps in knowledge about existing systems and practices. The Irish parliamentary Public Accounts Committee was told that the failed Indra project had cost a "staggering amount of money" and was an "absolute scandal".
In September 2026, Iarnród Éireann formally terminated the contract, indicating it was going to seek damages from Indra. Indra stated that failed deliveries resulted from ineffective management by Iarnród Éireann.
From Wikipedia’s article on Indra Sistemas, shared under CC BY-SA 4.0.7