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Astrium to acquire majority stake in Space Engineering 2012.01.02

Paris, France - December 21, 2011 - Astrium, Europe's leading space company, entered into an agreement pursuant to which it will acquire 66.78% of Space Engineering, a specialist in digital telecommunications, RF and antenna equipment engineering for both space and ground based applications. Astrium is the number one company in Europe and the third in the world for space technologies.

Astrium is the number one company in Europe and the third in the world for space technologies.
It is a wholly owned subsidiary of EADS, dedicated to providing civil and defence space systems and services.
The European Space Agency (ESA) has approved the Ariane 5 ME project after successful conclusion of its Preliminary Design Review. December 1, 2011.
Courtesy of Astrium
 

Paris, France - December 21, 2011

• Astrium to acquire majority stake in Space Engineering, the Italian specialist in telecommunications and radar technology

• This investment demonstrates Astrium’s commitment to the Italian market

• Through Space Engineering, Astrium will enhance its product offering to both the institutional and commercial markets and increase its R&D investment


Astrium is the number one company in Europe and the third in the world for space technologies.
It is a wholly owned subsidiary of EADS, dedicated to providing civil and defence space systems and services.
Flight 204 Ariane 5: ARABSAT 5C & SES-2.
Flight 204 is the 60th Ariane 5 launch and the fifth in 2011. September 20, 2011.
Courtesy of Astrium
 
Astrium, Europe’s leading space company
, entered into an agreement pursuant to which it will acquire 66.78% of Space Engineering, a specialist in digital telecommunications, RF and antenna equipment engineering for both space and ground based applications.

Courtesy of Space Engineering
 
This acquisition of the Rome headquartered company will enhance Astrium’s capability to develop and manufacture sophisticated telecommunications hardware.

Space Engineering Group Headquarters Main Facilities and Functions (Rome)
Courtesy of Space Engineering
 
The purchase demonstrates the company’s commitment to the Italian space market
.

Francois Auque, CEO Astrium
Courtesy of Astrium / YouTube
 
Francois Auque, CEO Astrium
, said:
“This acquisition reinforces our commitment to Italy, a key player in space, and we will build upon Space Engineering’s established product offering, in developing competitive and innovative technologies. As a trusted partner of both the Italian and European Space Agencies, Space Engineering will further strengthen our portfolio, enabling us to provide cutting-edge digital telecommunications and RF technologies – essential for our institutional and commercial customers.”

Astrium is the number one company in Europe and the third in the world for space technologies.
It is a wholly owned subsidiary of EADS, dedicated to providing civil and defence space systems and services.
Flight 204 Ariane 5: ARABSAT 5C & SES-2. September 20, 2011.
Courtesy of Astrium
 
With sites in Rome and southern Italy (near Potenza), Space Engineering and its main subsidiary, Teleinformatica e Sistemi
, specialize in the development of telecommunications, navigation and remote sensing applications and engineering services for both the civilian and defence sectors.

ARABSAT 5C in Toulouse, France
Astrium is the number one company in Europe and the third in the world for space technologies.
It is a wholly owned subsidiary of EADS, dedicated to providing civil and defence space systems and services.
Courtesy of Astrium
 
The 150 employee company also has extensive expertise in the modelling, design and development of ground based telecommunication hardware and antennas, along with facilities for the assembly, integration and testing of space equipment.

SES-2
Astrium is the number one company in Europe and the third in the world for space technologies.
It is a wholly owned subsidiary of EADS, dedicated to providing civil and defence space systems and services.
Courtesy of Astrium
 
Becoming part of Astrium will enable Space Engineering to make the next step forward in terms of development by giving it access to new markets.

SES-2 being manufactured with SES-3
Astrium is the number one company in Europe and the third in the world for space technologies.
It is a wholly owned subsidiary of EADS, dedicated to providing civil and defence space systems and services.
Courtesy of Astrium
 
Completion of the transaction is subject to customary conditions, including regulatory approvals.


About Astrium


Astrium is the number one company in Europe and the third in the world for space technologies.

 
 
It is a wholly owned subsidiary of EADS, dedicated to providing civil and defence space systems and services
.

In 2010, Astrium had a turnover of €5 billion and more than 15,000 employees worldwide, mainly in France, Germany, the United Kingdom, Spain and the Netherlands.

Its three main areas of activity are Astrium Space Transportation for launchers and orbital infrastructure, Astrium Satellites for spacecraft and ground segment, and Astrium Services for comprehensive end-to-end solutions covering secure and commercial satcoms and networks, high security satellite communications equipment, bespoke geo-information and navigation services worldwide.

EADS is a global leader in aerospace, defence and related services. In 2010, the Group – comprising Airbus, Astrium, Cassidian and Eurocopter – generated revenues of € 45.8 billion and employed a workforce of nearly 122,000.

www.astrium.eads.net  


Courtesy of Space Engineering
 

Press contacts
:

Jeremy Close (Astrium UK)
Tel.: +44 (0)1 438 77 3872

Gregory Gavroy (Astrium FR)
Tel.: +33 (0) 1 77 75 80 32

Ralph Heinrich (Astrium GER)
Tel.: +49 (0) 89 607 33971

Francisco Lechón (Astrium SP)
Tel.: +34 91 586 37 41


Source: Astrium

http://www.astrium.eads.net/en/press_centre/  



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