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Satnews Daily
February 8th, 2015

GMV Cementing Subsidiary Into Place In The U.K.

[SatNews] GMV has formed a new U.K. subsidiary company to be based in the Harwell Innovation Centre in Oxfordshire in southeast England.

Almost since its foundation, GMV has worked in close collaboration with British industry, especially in regard to space projects. In 2012, as part of this development, GMV reached a strategic collaboration agreement in the transport area with the British traffic management systems leader IMTECH PEEK for joint development of advanced fleet-management and passenger-information systems and fare-collection systems.

GMV's new U.K. office in Oxfordshire.

In 2013, as part of its ongoing policy of worldwide expansion, GMV set up a strategic business development plan in the United Kingdom. This involved the constitution of a new company, up and running since late 2014. As well as this latest firm, GMV also runs subsidiaries and offices in France, Colombia, Germany, India, Malaysia, Poland, Portugal, Romania, Spain and USA.

The main goal of the new Oxfordshire subsidiary is to draw up a long-term project to harness the business opportunities offered by Britain, with an important base of operations and added value. Emphasis will be placed on the space market, and specifically in the segment of applications, earth observation, telecommunications and new technologies.

In the words of Celestino Gómez, U.K. country manager, “GMV’s new U.K. subsidiary will be a key piece in GMV’s growth within the space sector, with spinoff technology in other sectors, and also in the local market of intelligent transportation systems for public transport, where we will continue to work in close collaboration with IMTECH-PEEK. Looking to the future, our on-the-spot presence in the United Kingdom will enable us to pinpoint and exploit new opportunities in the rest of our business lines and activity sectors.”

The GMV infosite is accessible at http://www.gmv.com/