
Luis Abril, director general of Minsait and a member of Indra's board, has resigned from his position due to his opposition to the company's planned acquisition of Escribano, a family-owned defense firm. Abril will leave Minsait at the end of June, and Indra is preparing a substantial severance package for him, following a decade in which the company has spent 40 million euros on executive departures. This resignation signals a restructuring of Indra's board as the company focuses on expanding its defense sector, including potential acquisitions of Escribano, Iveco's military branch, and Santa Bárbara. Meanwhile, Rheinmetall AG and Indra have announced a strategic cooperation on armored vehicles, further emphasizing Indra's defense ambitions. In related defense industry developments, Reliance Defence has signed a partnership with Germany's Rheinmetall AG to manufacture artillery shells and explosives, aiming to build a major ammunition complex in Maharashtra, India. This collaboration supports India's defense forces and its export goal of 50,000 crore rupees by 2029.
Reliance Defence ties up with German arms maker Rheinmetall AG to make explosives for export markets Snehesh Alex Philip @sneheshphilip reports #ThePrintDefence https://t.co/Elm78155Xw
🇩🇪 German-Indian 🇮🇳 #cooperation: #Rheinmetall and Reliance enter into #strategic #partnership https://t.co/i1ecpnFn33 https://t.co/HSpXwdj6XA
EDGE and ADG Mobility sign MoU on manufacture of specialised land systems https://t.co/uhb7KmIBhr via @defenceweb_afr
