Astrium to Take Majority Stake in ND SatCom
October 22 2010 - 11:33AM
Business Wire
SES ASTRA, an SES company (Paris:SESG) (LuxX:SESG), and Astrium,
a wholly-owned subsidiary of EADS (Euronext Paris: EAD), announced
today that Astrium will purchase a 75.1 percent stake in SES
ASTRA’s satellite equipment provider and ground system integrator
ND SatCom, based in Friedrichshafen, Germany. With this agreement,
SES ASTRA and Astrium will be reinforcing their long-term
relationship, and will also explore the potential for the two
companies to work together in the development of new business
opportunities in the government and institutions sector, as well as
other specific satellite infrastructure projects. In 2009, ND
Satcom’s contribution to SES revenues was 81 million Euros.
It is expected that the transaction will close during the first
quarter of 2011, subject to the realisation of certain conditions
including regulatory approvals.
SES ASTRA has a long-standing business relationship with Astrium
and has ordered a total of nine satellites from the satellite
manufacturer. Six of these satellites are currently under
construction at Astrium’s facilities across Europe.
Ferdinand Kayser, President and CEO of SES ASTRA, said: “This
transaction will strengthen our relationship with Astrium Services
through a joint shareholding in ND SatCom. It will also underpin
our efforts to further enlarge the scope of our satellite
infrastructure offering for governments and institutions, and to
grow this promising new business segment. Together with Astrium
Services, we will be able to take ND SatCom to the next phase of
its development and strengthen its position.”
Eric Béranger, CEO of Astrium Services, said: “This move
underlines our strong commitment to growing our business across
Germany – one of our key home markets. With the deal due to
conclude early next year, we will then have an opportunity to
deploy significantly wider product range by combining Astrium’s
secure satcoms, networks and terminals expertise with ND SatCom’s
for a stronger offering to the civil, governmental and military
markets.“
About SES ASTRA
SES ASTRA is the leading Direct-to-Home (DTH) satellite system
in Europe. The satellite fleet currently comprises 16 satellites.
The ASTRA satellite system delivers services to more than 125
million DTH and cable households and transmits more than 2,600
analogue and digital television and radio channels. SES ASTRA also
provides satellite-based multimedia, internet and telecommunication
services to enterprises, governments and their agencies. With 150
High Definition (HD) channels on its main orbital positions, ASTRA
represents the most important HDTV platform for Europe's leading
broadcasters. The prime orbital positions for ASTRA are 19.2
degrees East, 28.2 degrees East, 23.5 degrees East, 5 degrees East
and 31.5 degrees East. For further information:
www.ses-astra.com
About SES
SES (Paris:SESG) (LuxX:SESG) wholly owns the market-leading
satellite operators SES ASTRA and SES WORLD SKIES, and
participations in Ciel in Canada, QuetzSat in Mexico as well as a
strategic participation in satellite infrastructure start-up O3b
Networks. SES provides outstanding satellite communications
solutions via a global fleet of 44 satellites. For further
information: www.ses.com
About Astrium
Astrium, a wholly owned subsidiary of EADS, is dedicated to
providing civil and defence space systems and services. In 2009,
Astrium had a turnover of €4.8 billion and more than 15,000
employees in France, Germany, the United Kingdom, Spain and the
Netherlands. Its three main areas of activity are Astrium Space
Transportation for launchers and orbital infrastructure, Astrium
Satellites for spacecraft and ground segment, and Astrium Services
for comprehensive end-to-end value-added solutions covering secure
and commercial satcoms and networks, high security satellite
communications equipment, bespoke geo-information and navigation
services worldwide.
EADS is a global leader in aerospace, defence and related
services. In 2009, the Group – comprising Airbus, Astrium,
Cassidian and Eurocopter – generated revenues of € 42.8 billion and
employed a workforce of more than 119,000.
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