Tess Defence Sells Majority Stake to Indra
Deal News | Jun 17, 2025 | Iberian Lawyer
The article reports on the acquisition of a majority stake of 51.001% in Tess Defence by Indra. Broseta, a law firm, advised Tess Defence throughout the transaction. This corporate action was aimed at ensuring Tess Defence's interests were represented and protected. Tess Defence is notable for leading the 88 Dragon wheeled combat vehicle programme for the Spanish Army. Broseta collaborated with partners such as Indra, Sapa Placencia, Escribano Mechanical & Engineering, and Santa Barbara Sistemas to ensure the successful completion of the acquisition. The operation involved multiple legal professionals at Broseta, including partners and associates.
Sectors
- Defence
- Legal Services
Geography
- Spain – The transaction involves Spanish companies and pertains to a defence program for the Spanish Army.
Industry
- Defence – The acquisition concerns Tess Defence, a company that participates in defence-related projects for the Spanish Army.
- Legal Services – Broseta, a law firm, played a crucial role in advising Tess Defence on the transaction.
Financials
- 51.001% – The percentage of share capital acquired by Indra in Tess Defence.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tess Defence | Target Company | Company | A company leading the 88 Dragon wheeled combat vehicle program for the Spanish Army. |
| Indra | Bidding Company | Company | Acquired a majority stake in Tess Defence. |
| Broseta | Legal Advisor | Company | Provided legal advisory services to Tess Defence in the transaction. |
| Sapa Placencia | Collaborating Partner | Company | Collaborated in ensuring the success of the acquisition. |
| Escribano Mechanical & Engineering | Collaborating Partner | Company | Collaborated in ensuring the success of the acquisition. |
| Santa Barbara Sistemas | Collaborating Partner | Company | Collaborated in ensuring the success of the acquisition. |