Ángel Escribano

Ángel Escribano
Born
Ángel Escribano Ruiz

1971
Madrid, Spain
OccupationBusinessman
Known forEM&E co-founder and Indra Sistemas President
RelativesJavier (brother)

Ángel Escribano Ruiz (born 1971) is a Spanish businessman.[1] Escribano is the co-founder of the defence company Escribano Mechanical & Engineering (EM&E) and is the current President of Indra Sistemas, a Spanish defence and information technology company, since January 2025.[2]

Early life

Born in Madrid, Spain, in a humble family in 1971, Angel Escribano Ruiz and his brother Javier started working in his father's mechanic's workshop at the age of fourteen.[3][4]

Career

EM&E

With his brother, Javier, he co-founded Escribano Mechanical & Engineering (EM&E) in 1989.[3][2] Initially starting as a small machining workshop in Coslada, Madrid, EM&E evolved under Ángel and Javier's leadership into a significant player in the Spanish defence and security industry.[4] EM&E grew from manufacturing mechanical parts to developing and manufacturing various defence systems which includes remote controlled weapon station, electro-optics and guided ammunition kits.[5] The company uses a significant part of its production capacity for defence exports.[6] Between 2019 and 2021, EM&E doubled its revenue.[6] In May 2023, EM&E became one of Indra's industrial partners by acquiring a 3% stake in the defence and information technology company.[4] EM&E incrementally increased their shareholding of Indra over time, making Angel and his brother one of the company's largest shareholders with a 14.3% ownership, second only to the Spanish government's holding through SEPI.[7][4] Escribano's company, EM&E, has a joint venture in India with brothers Adhiraj and Suryaveer Khanna, sons of Arvind Khanna and members of a family with a history in the Indian defence industry.[8][9][10]

In April 2025, it was reported that EM&E was considered as an acquisition target and also a merger target by Indra Sistemas; however, no transaction took place, with Escribano's brother and chairman of EM&E, Javier, stating that company is not for sale and is worth over €1.0 billion.[11][12]

Indra Sistemas

Escribano was appointed President of Indra Sistemas on January 19, 2025, succeeding Marc Murtra, who transitioned to head Telefónica. This appointment came after an extraordinary board meeting, where Escribano was chosen due to his significant shareholding and his experience in the defence sector. His tenure at Indra is anticipated to focus on bolstering the company's position in the defense technology sector both domestically and internationally.[5][13] His brother, Javier, took over as President of EM&E after Escribano's appointment as President of Indra Sistemas.[14]

In May 2025, Indra Sistemas signed a memorandum of understanding with Rheinmetall Landsysteme, a subsidiary of the German company Rheinmetall, for working on armored vehicle projects for the Spanish Armed Forces and Escribano stated that his intention is for Indra Sistemas to bolster Spanish armored vehicle manufacturing and digitalization capabilities.[15] Escribano has also stated that he plans for Indra Sistemas to enter tank building.[16]

References

  1. ^ Martos, Claudia (19 January 2025). "Quién es Ángel Escribano, que presidirá Indra tras la marcha de Marc Murtra a Telefónica". Forbes España (in Spanish). Archived from the original on 19 January 2025. Retrieved 26 January 2025.
  2. ^ a b Pons, Juan (16 May 2023). "Indra opens the doors of its shareholding to Escribano a few hours before the opening of the Defence exhibition in Madrid". Atalayar. Retrieved 2 February 2025.
  3. ^ a b Corbal, Marta (24 January 2025). "Ángel Escribano: de la FP a la presidencia de Indra, de la que es accionista con su fábrica de armas". El Mundo (in Spanish). Archived from the original on 26 January 2025. Retrieved 26 January 2025.
  4. ^ a b c d Heras, Iñaki de las (26 January 2025). "Ángel Escribano, el hijo de la Constancia". La Vanguardia (in Spanish). Archived from the original on 26 January 2025. Retrieved 26 January 2025.
  5. ^ a b "Ángel Escribano, nombrado nuevo presidente ejecutivo de Indra Group". Indra. Retrieved 26 January 2025.
  6. ^ a b Pons, Juan (19 May 2022). "TecnoSec and Escribano E&M, two examples of the vitality of Spain's security and defence industry". Atalayar. Archived from the original on 13 April 2024. Retrieved 2 February 2025.
  7. ^ Felstead, Peter (24 November 2023). "Escribano raises its profile in defence, increasing its stake in Indra to 8% - European Security & Defence". Archived from the original on 4 August 2024. Retrieved 2 February 2025.
  8. ^ "EME Advance Systems Private Limited". Falcon Ebiz. Retrieved 2 February 2025.
  9. ^ MS, Nileena (2 November 2023). "How the Modi government is covering up two decades of defence corruption to save the Rafale deal". The Caravan. Archived from the original on 14 November 2023. Retrieved 19 April 2025.
  10. ^ Sagar, Pradip R. (23 October 2019). "Role of AgustaWestland middleman in anti-tank missile deal under lens". The Week. Archived from the original on 2 March 2023. Retrieved 3 March 2023.
  11. ^ "Indra considers options in defence sector, including Escribano". Reuters. 25 April 2025. Retrieved 25 June 2025.
  12. ^ "Indra admits it is considering a merger and its stock price falls". Ara. 24 April 2025. Retrieved 25 June 2025.
  13. ^ "Spain's Indra appoints Angel Escribano as new chairman". Reuters. 20 January 2025. Retrieved 2 February 2025.
  14. ^ "Javier Escribano, the current CEO of the EM&E Group, will take over the presidency of the Group and continue its growth strategy". EM&E Group. Retrieved 2 February 2025.
  15. ^ "Rheinmetall and Indra announce strategic agreement on armoured vehicles". Atalayar. 14 May 2025. Retrieved 16 May 2025.
  16. ^ Lizarraga, Clara Hernanz (12 May 2025). "Spain's Defense Champion Indra Bets on Becoming a Tank Maker". Bloomberg. Retrieved 25 June 2025.
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