Major customers include air navigation service providers (ANSPs), airports, system integrators and government military organisations. The Ground-to-air radios enable communication with aircraft during take-off, flight and landing. Park Air has more than 120 employees and supplies its systems in more than 100 countries. The company was already a supplier of Indra itself, so the Spanish company reinforces the percentage of its own technology that it will contribute to the air traffic control systems it provides worldwide.
Park Air and Indra are jointly participating in the US Federal Aviation Administration’s NEXCOM Version 3 bid, a programme to replace ground-to-air radios that are currently reaching the end of their useful life.
The transaction is expected to be completed in the second half of 2023 and is subject to customary regulatory approvals.
The in-house Legal team was led by M&A general counsel Patricia Montoro and M&A manager Enrique Blanco. On the external lawyers’ side, Indra has been advised by Clifford Chance and led the project by English partner Alanna Hunter and Spanish partner Luis Alonso and associate Catherine Freeman from the London office.
