Astrium to acquire SSTL
Posted: Mon, Apr 7, 2008, 8:46 AM ET (1246 GMT)
Europe's largest satellite manufacturer has announced an agreement to purchase a majority stake in the continent's leading developer of smallsats. EADS Astrium will acquire 80 percent of Surrey Satellite Technology Ltd. (SSTL) for an estimated £40-50 million (US$80-100 million), the companies reported Monday. Astrium is best known as a manufacturer of large government and commercial satellites, including GEO communications satellites. SSTL, by contrast, builds small satellites weighing no more than a few hundred kilograms. SSTL was spun out of the University of Surrey in the UK, and it is university that is cashing out its stake in the company. SSTL will remain a separate operating entity with with access to the greater resources of Astrium. The deal is subject to regulatory approvals.
Europe's largest satellite manufacturer has announced an agreement to purchase a majority stake in the continent's leading developer of smallsats. EADS Astrium will acquire 80 percent of Surrey Satellite Technology Ltd. (SSTL) for an estimated £40-50 million (US$80-100 million), the companies reported Monday. Astrium is best known as a manufacturer of large government and commercial satellites, including GEO communications satellites. SSTL, by contrast, builds small satellites weighing no more than a few hundred kilograms. SSTL was spun out of the University of Surrey in the UK, and it is university that is cashing out its stake in the company. SSTL will remain a separate operating entity with with access to the greater resources of Astrium. The deal is subject to regulatory approvals.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Friday, August 7
SES advances next-generation MEO strategy following successful completion of IRIS² Rendez-vous 1
SES — 6:43 am ET (1043 GMT) Commission accelerates IRIS² deployment with enhanced security and expanded satellites network?
European Commission — 6:41 am ET (1041 GMT) EU adds 66 satellites to IRIS² in push for secure connectivity
EurActiv — 6:40 am ET (1040 GMT) The team behind Europe’s latest weather satellite
ESA — 6:40 am ET (1040 GMT) Russia Is Building Its Own Starlink. How Big a Threat Is Rassvet?
United24 Media — 6:37 am ET (1037 GMT) |
