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Astrium to acquire majority stake in Space Engineering

Paris, France: Astrium, Europe’s leading space company, entered into an agreement pursuant to which it will acquire 66.78 percent of Space Engineering, a specialist in digital telecommunications, RF and antenna equipment engineering for both space and ground based applications. 
According to the company’s press statement, this acquisition of the Italy-based 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.
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.”
With sites in Rome and southern Italy (near Potenza), Space Engineering and its main subsidiary, Teleinformatica e Sistemi, specialise in the development of telecommunications, navigation and remote sensing applications and engineering services for both the civilian and defence sectors. 
Source: Astrium