Aicox to create a new large Defence group worth 400 million
The Spanish company Aicox is working on the formation of a large Spanish Defense group specializing in equipment and services for tactical military communications and electronic warfare.
Aicox, a Spanish company, is forming a large Spanish defense group specializing in tactical military communications and electronic warfare equipment and services. The new company will be formed by integrating up to seven companies, with a combined value of around 400 million euros. The acquisition includes three medium-sized and four small companies that will bring different capabilities to the group.
The deal is backed by Senda Investment Partners, a fund launched this year by Javier Olascoaga and Víctor García Reymundo, and will involve a 250 million euro capital increase. The new group aims to gain size while maintaining agility to compete for major military contracts promoted by the Spanish Ministry of Defense.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
