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OHB SE — M&A Activity 2011
Jun 20, 2011
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M&A Activity
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News Details
Corporate | 20 June 2011 11:59
OHB AG: OHB AG acquires Space Systems Division from Swedish Space Corporation / OHB Sweden AB incorporated
OHB AG / Key word(s): Miscellaneous
20.06.2011 / 11:59
OHB AG acquires Space Systems Division from Swedish Space Corporation / OHB
Sweden AB incorporated
Stockholm/Bremen, June 20, 2011 - The European space and technology group
OHB AG (Prime Standard, ISIN: DE0005936124) has acquired the Space Systems
Division from Swedish Space Corporation (SSC) via an asset deal and
integrated this business within the newly incorporated company OHB Sweden
AB, Stockholm. With 50 employees, this division generated sales of around
EUR 21 million last year.
With the acquisition of this business and the incorporation of OHB Sweden,
OHB AG has gained access to important and valuable resources and skills in
the development and construction of satellite and payload systems. Renamed
OHB Sweden, the division is an industrial partner to both the Swedish
National Space Board and the European Space Agency ESA with many years'
standing. Its references include such projects as 'SMART-1', the first
electrically-powered European lunar mission, the two inexpensive 'Astrid'
satellites for measuring the earth's electrical and magnetic fields and
'Odin', an observatory for astronomy and atmospheric chemistry. OHB
Sweden's current programs include an essential share in the development and
construction of the SGEO satellite platform, which is of material
importance to the OHB Group, the lead management of the Swedish Prisma
demonstrator model and a subcontract for the development and construction
of a microwave instrument for ESA's PREMIER environmental satellite
mission.
With this transaction, OHB AG is continuing its European growth strategy in
ESA countries. Sweden is amongst the top ten financial contributors to ESA
and holds key positions within European space programs.
OHB Contact for investors
and analysts:
Investor Relations
Michael Vér
Tel.: +49 421 - 2020-727
Fax: +49 421 - 2020-613
E-Mail: [email protected]
OHB Contact for media and
representatives:
Corporate Communications
Steffen Leuthold
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: [email protected]
SSC Contact for media
representatives:
Anna Rathsman
Information & Business Development
phone.: +46 627 62 62
mob: +46 70 263 0064
Email: [email protected]
End of Corporate News
20.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: OHB AG
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Deutschland
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: [email protected]
Internet: www.ohb.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
129100 20.06.2011