Minsait acquires NAE, a leader in telecom consulting, to strengthen its global market position

Press release by Minsait

This is a machines translation of the original release, issued in Spanish

Madrid, September 21, 2023.- Minsait, an Indra company, has acquired Nae, a leading consulting firm in the telecommunications market specialized in the transformation and deployment of new technologies, the optimization of operations through automation and digitalization, as well as as in the design and implementation of sales strategies. In addition, it offers expert advice on corporate transactions to maximize value for investors in the sector and is specialized in telecommunications network ecosystems and digital infrastructure virtualization, which take advantage of the possibilities of the cloud to maximize business opportunities.

With this operation, the technology company reinforces its position in the telecommunications sector, key to the digitalization of society and business and the growth of the economy, with a contribution to the Spanish GDP of 5%, according to the statistical portal Statista.

Minsait thus strengthens its end-to-end value proposition, promoting a strategic area for the company with great growth potential, accelerating the digital transformation of companies and enabling the deployment of innovative solutions in all industrial sectors, in areas such as 5G, artificial intelligence, the internet of things or the automation and robotization of processes.

Luis Abril, executive director of Indra and general director of Minsait, points out that “the operation drives the creation of value for our clients, employees and shareholders. The incorporation of Nae allows us to bring to the market a differential, comprehensive and high-value offer, combining our digital capabilities with their knowledge and expertise in the Telco sector. Likewise, it enhances our positioning as strategic partners of our clients, helping them optimize management and accelerate the transformation of their processes and technological infrastructures. We thus cover the design, implementation and operation of services on a global scale, definitively contributing to the development of the telecommunications sector and other industries and markets.”

The CEOs of Nae, Cristóbal Escoda and Antoni Ibañez, claim to be “excited to be part of the Minsait ecosystem and join forces to have a unique offer, leading the consulting and digital services market in the telecommunications sector, generating more value for our clients. Nae will operate as a business unit with its own entity, will preserve its brand and management model, and will leverage Indra's presence, commercial reach and scale to begin a new stage of expansion and growth at the service of our clients and the development of our teams. ”.

With its incorporation to Minsait, Nae strengthens its position as the largest consulting firm in the sector in Spain in terms of volume and added value. The new telecommunications consulting vertical will be made up of around 400 people and will be led by Cristóbal Escoda and Antoni Ibañez, founding partners and managers of Nae, both with extensive experience in management positions in the sector.

About Minsait

Minsait (www.minsait.com) is Indra's leading company in digital transformation and Information Technologies. Minsait presents a high degree of specialization and sectoral knowledge, which is complemented by its high capacity to integrate the core world with the digital world, its leadership in innovation and digital transformation, and its flexibility. With this, it focuses its offer on high-impact value propositions, based on end-to-end solutions, with notable segmentation, which allows it to achieve tangible impacts for its clients in each industry under a transformational approach. Its capabilities and leadership are shown in its product offering, under the name Onesait, and its transversal service offering.

About Indra

Indra (www.indracompany.com) is one of the main global technology and consulting companies, a world leader in technological engineering for the aerospace, defense and mobility markets, and in digital transformation and information technologies in Spain and Latin America through of its subsidiary Minsait. Its business model is based on a comprehensive offer of its own products, with an end-to-end approach, high value and a high innovation component, which makes it the technological partner for digitalization and for key operations of its clients around the world. Sustainability is part of its strategy and culture, to respond to present and future social and environmental challenges. At the end of fiscal year 2022, Indra had revenues of 3,851 million euros, almost 57,000 employees, a local presence in 46 countries and commercial operations in more than 140 countries.

About Nae

At Nae (https://nae.global/) we seek to provoke change by challenging and accompanying the transformation of telecommunications, in a personal and close way, through consulting from start to finish.

We have been developing telecommunications projects around the world for almost 20 years, working side by side to help build the path and team up with anyone related to the projects in which we participate. We accompany our clients in making strategic decisions to increase their value, overcoming business challenges together, from strategic definition to the implementation of actions.

We have hubs in Spain, from where we address projects in Europe, and in Colombia, from where we manage activity in Latin America. We believe that things should not always be done the same and that, with creativity and innovation, we can achieve incredible results.