Indra buys 30% of cybersecurity firm TRC, with a path to full control
What's the deal? Indra Group has agreed to acquire a 30% stake in Madrid-based cybersecurity company TRCDealroom has a profile for this one. Try Dealroom → through its technology subsidiary IndraMindDealroom has a profile for this one. Try Dealroom →. The deal value was not disclosed, and it includes an option for IndraDealroom has a profile for this one. Try Dealroom → to raise its stake progressively to 100% over the next two years.
What each company does: TRC, entirely Spanish-owned, specialises in protecting systems and networks for strategic areas of national interest, including data, borders, emergencies, critical networks, and cybersecurity in Defence and the Interior. Indra GroupDealroom has a profile for this one. Try Dealroom →, a technology and defence firm, closed 2025 with revenue of €5.457 billion, a local presence in 46 countries, and commercial operations in more than 140 markets.
The rationale: The acquisition lets IndraMindDealroom has a profile for this one. Try Dealroom → complement its cybersecurity offering, particularly in protecting information systems and networks. Indra aims to widen a portfolio spanning risk identification and prevention, operational services — detection, response, and recovery — and digital identity solutions.
Why now? Indra framed the deal within a context of stronger European and national commitment to strategic autonomy and technological sovereignty. Through IndraMind, the group develops sovereign artificial intelligence, cybersecurity, and cyberdefence capabilities for protecting citizens, territories, and critical infrastructure.
By the numbers: TRC closed 2025 with revenue above €120 million and a workforce of more than 400 experts, according to figures provided by Indra.
What could go wrong? The transaction still hinges on customary conditions, including regulatory clearances. Among them is approval from the Comisión Nacional de los Mercados y la Competencia (CNMC), Spain's competition authority.
The signal: Europe's push for technological sovereignty is driving defence and technology groups to consolidate homegrown cybersecurity capabilities. By securing a staged path to full ownership of a Spanish specialist, Indra positions itself at the centre of that consolidation.
Read more: forbes.es
Image credit: crystallinelamp
