Announced
Financials
Sources
Tags
Pending
Domestic
Acquisition
Friendly
sustainability technology
Environmental / Waste Management
Private
Single Bidder
Spain
Majority
Synopsis
Indra, an information technology company, agreed to acquire a majority stake in The Overview Effect, a company specialising in driving innovation to increase companies’ sustainability by connecting global challenges and business models. Financial terns were not disclosed. “With this operation, Indra is demonstrating its commitment to sustainability and reaffirming its pledge to talent and intrapreneurship models as part of its company culture. We’re convinced that digitalisation will play a key role in the transition towards a sustainable economic model, and our commitment to The Overview Effect demonstrates our pledge to complement our technological capabilities with specific and differential sustainability capacities. The Overview Effect will continue to be an independent company specialising in prototyping solutions with a positive impact that resolve social and environmental challenges. Indra will support them by providing access to customers and scaling its solutions by means of technology," Cristina Ruíz, Indra Managing Director.
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