GMV GmbH and INSYEN AG have signed an agreement to merge the two companies and they will become GMV-INSYEN AG.
GMV GmbH is the German aerospace company belonging to GMV, a global technology group within the Space, Defense, ICT and Intelligent Transport Systems market segments, while INSYEN AG is a German company with a strong background in high-tech aerospace projects and space operations. The merged GMV-INSYEN will become part of the GMV family of companies.
Since 2009, GMV has been running a German subsidiary headquartered in Darmstadt—their trading relations date to the company’s first ever contract for ESA’s European Space Operation Center (ESOC) in 1984. This paved the way for many other ESOC projects and was soon followed by work for EUMETSAT; ESOC and EUMETSAT are the two main Darmstadt-based space institutions.
Over the next 30 years, GMV managed to become ESOC’s number one contractor in mission analysis, navigation, flight dynamics and mission control systems and the firm also became a benchmark EUMETSAT supplier in flight dynamics, mission control, mission planning and data processing systems. GMV is also an important ESOC supplier in simulation systems, ground station software and space debris. This latest merger reinforces GMV’s position in the German space sector and cements the company's leadership in ground segment and space operations.
INSYEN is a medium-sized German firm with a solid track record in high-tech projects for the aerospace industry and has a multinational team and a customer portfolio including the German Aerospace Center (DLR), the German public organization DLR GfR, the European GNSS Agency (GSA), the meteorological operator EUMETSAT and the Canadian EO/IR turret manufacturer L3 WESCAM. The bulk of the company's work has centered on the design, operation and performance of long-term engineering services for major installations, such as the Columbus Control Center in Oberpfaffenhofen, Germany, plus support for operations of the International Space Station (ISS) and Galileo. The company has also developed several spinoff products from its experience in these projects, including simulators and other support tools for aerospace operations, as well as critical Space mission software systems.
The merged GMV-INSYEN company, with 120 employees, will focus on the existing business lines of GMV GmbH and INSYEN AG while reinforcing support activities for operations in DLR, ESOC, EUMETSAT and other clients of the space sector. This merger will also allow the resultant company to tap into significant commercial, technological and operational synergies, multiplying its growth rate and driving deeper involvement in European and German space programs.
The quality of its teams and the seamless match between GMV and INSYEN on such corporate values as technological excellence and customer satisfaction have all been key factors in enabling this merger agreement.