indra reached A binding agreement with the NG group for Acquisition of Park Air, one of its UK subsidiariesaerospace and defense communications systems specialist, as the company announced in a statement this Friday. does not disclose the transaction amount.
Indra, specifically, this acquisition is complementary To develop the portfolio and capabilities of the company, headed by Marc Murtra, in the field of civil and military communications.
Park Weather leader in ground-to-air radio systems designs, manufactures, supplies and supports air traffic management (ATM) radios worldwide with two main product lines serving the civilian and military markets.
Its main customers include providers. air navigation services (ANSP), airports, systems integrators and government military organizations. Ground-to-air radios allow communication with aircraft during takeoff, flight, and landing.
Indra detailed that the acquisition, announced this Friday, does not have its own radio systems, with which it expands its portfolio.
In addition, Park Air and Indra are participating as partners in the United States Federal Aviation Administration’s Nexcom Version 3 (V3) tender. (FAA) is a program to replace ground-to-air radios that are currently nearing the end of their useful life.
For Indra’s president, this acquisition provides the company with engineering and manufacturing capabilities for complex electronic systems.
Along the same lines, Murtra underlined: these capabilities are “very synergetic” with their current portfolio. They can serve both to expand the company’s business with existing customers and to develop new business areas for the aerospace, defense and mobility industries.
Finally, Indra detailed that the transaction is expected to be completed in the second half of this year and is subject to regular regulatory approvals.