Despite a public holiday this Monday in Alcalá de Henares, the headquarters of Escribano Mechanical & Engineering, the machines were running at full power. According to the National Securities Market Commission (CNMV) records, the company announced earlier this week that it entered Indra’s capital at 3%. The group’s goal is to reach 10% of the shares, which today is equivalent to 200 million euros, in the next twelve months.. “Our goal is to strengthen the defense sector in Spain. If we want to meet face-to-face with European giants like Thales or Rheinmetall, we all need to step in, that’s why we made this shareholding move,” says Ángel. Notary found ‘entity’ in company CEO statements. The president is Ángel’s brother, Javier Escribano. Both own 100% of the capital of the defense company.
Currently, Indra’s main shares are held by SEPI, which owns 28% of the capital, Sapa Placencia holds up to 8% and Escribano owns 3%. This company was founded in the late 80’s by the father of Ángel and Javier Escribano.. “Back then, the board was the kitchen of the house,” says company president Ángel Escribano. The transition to a solid corporate structure took place in 2015. “At that time, we started auditing the accounts of one of the major advisors and formed a board of directors made up of my brother, myself and other directors of the group. It consists of nine people,” he says.
The group’s goals are clear: to invest and grow in the defense sector. “Indra’s operation hit our best moment professionally and it is one of our biggest investments. In principle, we do not intend to make new moves that will be passed on to the next generation,” says Ángel Escribano. and his two nephews will take over the company “in the next four or five years” when they finish their education. Entry to Indra was made with his own capital and includes an amount of approximately 65 million Euros.. “We are old-fashioned, it may be more profitable to invest in other sectors, but we want to continue to do what we know,” says Ángel Escribano.
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one of the keys Escribano’s growth since 2010 has been a commitment to make strong investments in R&D and industrial capabilities.. They now have a staff of around 700, mostly engineers, five buildings in Alcalá de Henares, and the goal of settling in Córdoba, near the logistics base the Army is building. In 2022, billing reached 90 million.
The company develops all kinds of defense products, from electronic cards to infrared cameras, chargers and remote controls for weapons. And all these processes are carried out in their own facilities., Entirely. With this recipe, they hope to reach a turnover of 250 million euros by 2026. The group has committed up to 700 million contracts over the next six years.