Narayan AmmachchiIndra Group has finalized an agreement to sell its Business Process Outsourcing (BPO) operations to Teknei, a Bilbao-based technology and consulting company.
Indra’s BPO arm operates in Colombia, Peru, Mexico, and Chile, along with Spain, Italy, and Portugal. The transaction is valued at approximately US$112 million.
The sale marks a strategic shift for Indra, which plans to concentrate on higher-value sectors such as defense, aerospace, and advanced digital technologies. By divesting its BPO unit, the company aims to sharpen its focus on core business areas that generate stronger long-term returns.
For Teknei, the acquisition significantly broadens its international footprint and operational capacity. The company is in the midst of an aggressive expansion plan targeting US$1.2 billion in revenue by 2030. Bringing Indra’s BPO unit—its contracts, technology platforms, and specialized workforce—into its portfolio is central to that goal.
More than 5,000 Indra BPO employees will transfer to Teknei once the deal is completed. Under the terms of the agreement, their jobs will be protected for at least two years.
Indra Group CEO José Vicente de los Mozos said the deal was structured to ensure continuity for clients while protecting employment. “Teknei is a Spanish company with extensive experience and recognition in the sector that will provide continuity and new opportunities to the talent that has grown the BPO business,” he said.
Teknei CEO Joseba Lekube called the acquisition a milestone for the company. “With this addition, we gain critical capabilities in complex processes and highly specialized talent. We are convinced it will accelerate our growth and bring us closer to our 2030 target,” he said.
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