Satnews Daily
December 21st, 2011

Astrium + Space Engineering... Acquiring Minds Wish To Know...

[SatNews] This leading space company has entered into an agreement pursuant to which it will acquire 66.78 percent of Space Engineering.

Space Engineering is a specialist in digital telecommunications, RF and antenna equipment engineering for space and ground based applications. This acquisition of the Rome headquartered company will enhance Astrium’s capability to develop and manufacture sophisticated telecommunications hardware. The purchase demonstrates the company’s commitment to the Italian space market. 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. 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. 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. Completion of the transaction is subject to customary conditions, including regulatory approvals.