- The operation forms part of the strategy for the divestment of non-strategic assets initiated by Indra last year with the sale of its stake in Metrocall to Cellnex
- Indra will continue to occupy the space it currently uses for twelve months, a period that may be extended by an additional six months. Throughout this period it will gradually transfer the activities to new facilities in an area close to the work center that has been sold.
- The operation will not affect Indra’s capacity to offer Data Processing Center services or its development of the Cloud-Data business. The company will continue to guarantee the continuity of the services provided to its customers and their operation by means of a long-term agreement reached with XDATA Properties, a company belonging to the Stoneshield Capital group
Indra, a leading global technology and consulting company, has sold the real estate and entire surface area of its facilities at 4, Mar Egeo Street in San Fernando de Henares (Madrid) to XDATA Properties, a company in the Stoneshield Capital group.
The sale of these facilities forms part of Indra’s strategy to review its portfolio of existing assets and proceed with the sale of those that can achieve attractive market valuations without affecting the company’s core business. This operation follows in the footsteps of last year’s sale of Metrocall (Indra’s subsidiary responsible for operating the mobile telephony business on the Madrid subway system) to Cellnex.
In addition to the monetization of the asset, the operation will enable Indra to provide the affected employees with more modern facilities suited to current labor requirements, resulting in annual operating expense savings totaling 500,000 euros for the company.
Indra will continue to occupy the space it currently uses at these facilities for twelve months, which may be extended for an additional six months, following the signing of a lease agreement for the above period. Throughout this period Indra will gradually transfer the activities at the above center in an orderly manner, moving to new facilities that the company intends to locate in an area close to the center.
The operation will not affect Indra’s Data Processing Center service. The services offered to Indra’s customers via the DPC hosted in Mar Egeo Street will not be affected by the sale of the facilities; as a result of a long-term housing contract signed with XDATA Properties, Indra will continue to guarantee the continuity of these services and their operation, without any impact on the Service Level Agreements (SLAs) and the contractual commitments it has acquired. Likewise, Indra will cover its own Information Technology requirements.
Nor will it influence Indra’s strategic commitment to the development of the whole of the Cloud-Data business through Minsait, its leading subsidiary in digital transformation and Information Technology. Minsait has a distinctive proposal in the Cloud-Data field and it focuses its strategic approach on providing support for companies and organizations in their transition to the cloud, accelerating the transformation of their core systems, developing new state-of-the-art digital assets and evolving towards new and more efficient and automated management and operational models for their IT infrastructures.
With this vision, Minsait creates end-to-end approaches based on a strong technological ecosystem and strategic partnerships with the main hyperscalers and Cloud providers, its portfolio of proprietary digital solutions and its talent network made up of more than 5,000 professionals specializing in the most relevant Cloud and Data technologies.
About Indra
Indra (www.indracompany.com) is one of the leading global technology and consulting companies and the technological partner for core business operations of its customers world-wide. It is a world-leader in providing proprietary solutions in specific segments in Transport and Defense markets, and a leading firm in Digital Transformation Consultancy and Information Technologies in Spain and Latin America through its affiliate Minsait Its business model is based on a comprehensive range of proprietary products, with a high-value focus and with a high innovation component. In the 2020 financial year, Indra achieved revenue of €3.043 billion, near 48,000 employees, a local presence in 46 countries and business operations in over 140 countries.
About XDATA Properties
XDATA Properties is an operator and a major investor in the Data Center market. Part of the Stoneshield Capital group, it finances, designs, builds and operates Data Center technology parks, providing the best locations, ensuring space and power for its customers and offering secure solutions for data hosting. With the incorporation of the Campus, acquired from Indra and located in San Fernando de Henares, XDATA Properties operates one of the largest technological areas in the Iberian Peninsula, with an unbeatable location for the sector and direct access to the Madrid-Barcelona fiber optic route, the largest fiber highway in the country. XDATA Properties maintains a clear commitment to reducing its carbon footprint in the sector by using fully renewable energy at its Data Centers and providing 12% of the energy consumed by means of a photovoltaic power plant installed at the technology park itself.
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