Indra Group has agreed to sell its Business Process Outsourcing unit to Teknei for €96.6 million as part of its strategic realignment, while Teknei aims to enhance its market position and services.

Information on the Target

Indra Group has entered into an agreement with Teknei, a technology company based in Bilbao, specializing in consultancy, software development, and IT solutions. Under this agreement, Indra Group will sell its Business Process Outsourcing (BPO) unit across several countries including Spain, Colombia, Italy, Peru, Mexico, Chile, and Portugal for a total of €96.6 million. Teknei is recognized as a leader in the sector, demonstrating a strong commitment to excellence and innovation. The two companies will collaborate closely to facilitate a seamless integration process for employees, teams, and customers.

This transaction aligns with the strategic plan "Leading the Future" by Indra Group, which aims to strengthen the corporation's positioning in key sectors including Defense, Aerospace, and Advanced Digital Technologies. The BPO division generated revenues of €196 million in 2024. For Teknei, this acquisition aligns with its growth strategy aimed at achieving €1 billion in revenue by 2030, further solidifying its leadership in the IT services and outsourcing market, particularly within sectors such as banking, insurance, and public administration.

Industry Overview in the Target’s Specific Country

The BPO industry in Spain has witnessed significant growth, fueled by an increasing demand for technology-driven services. Companies are increasingly outsourcing non-core functions to improve efficiency and focus on their primary business goals.