Photo: Europrop International
The Diplomat. 27/08/2016
Spanish Cabinet approved yesterday two agreements by which foreign companies Altran Technologies and Epi Europrop International GmbH are authorized to invest in Spanish companies engaged in national defense related activities.
Authorizations occur on a proposal by Defense Minister after a report from the Foreign Investment Board, which expressed its opinion favorable to the realization of those investments.
The first agreement authorizes the investment of two million euros by the French company Altran Technologies SA in the Spanish company Altran Innovation SL Unipersonal. Altran performs activities such as the design of mechanical systems for military use, among others, vehicles, aircraft and warships. Also, it designs and develops software equipment for military use.
The second agreement authorizes investment of 3,010 euros of German society Epi Europrop International GmbH in Spanish society Epi Europrop International SL Unipersonal Madrid. The objective is to have a liason office in the area of Madrid with his client Airbus Military SL from which to advise society Epi Europrop International engineering activities and aircraft sales.