Leonardo sells U.S unit’s ATM business to Spain’s Indra

By:

Published: Nov 7, 2022, 08:36 UTC

MILAN (Reuters) - Leonardo has agreed to sell its unit Selex ES' Air Traffic Management (ATM) activities to Indra Air Traffic, a company controlled by Spain's Indra Sistemas, the Italian defence group said on Monday.

MILAN (Reuters) – Leonardo has agreed to sell its unit Selex ES’ Air Traffic Management (ATM) activities to Indra Air Traffic, a company controlled by Spain’s Indra Sistemas, the Italian defence group said on Monday.

The closing of the transaction is expected in the first quarter of 2023, it added in a statement, without disclosing any financial details.

The ATM business of Leonardo U.S. unit Selex ES “is a leading developer and manufacturer of en-route navigation, surveillance and precision approach and landing systems,” Leonardo said.

(Reporting by Cristina Carlevaro, editing by Federico Maccioni)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: