Airbus Defence and Space Services and SES ASTRA to strengthen relationship
Munich, 22 October 2010 – SES ASTRA, an SES company (Euronext Paris and Luxembourg Stock Exchange: SESG), and Airbus Defence and Space, a wholly-owned subsidiary of AIRBUS Group (Euronext Paris: EAD), announced today that Airbus Defence and Space will purchase a 75.1 percent stake in SES ASTRA’s satellite equipment provider and ground system integrator ND SatCom, based in Friedrichshafen, Germany. In 2009, ND SatCom’s contribution to SES revenues was 81 million Euros.
With this agreement, SES ASTRA and Airbus Defence and Space will further reinforce 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.
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 Airbus Defence and Space and has ordered a total of nine satellites from the satellite manufacturer. Six of these satellites are currently under construction at Airbus Defence and Space’s facilities across Europe.
Eric Béranger, CEO of Airbus Defence and Space 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 Airbus Defence and Space’s secure satcoms, networks and terminals expertise with ND SatCom’s for a stronger offering to the civil, governmental and military markets.“
About Airbus Defence and Space
Airbus Defence and Space, a wholly owned subsidiary of AIRBUS Group, is dedicated to providing civil and defence space systems and services. In 2009, Airbus Defence and Space 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 Airbus Defence and Space for launchers and orbital infrastructure, Airbus Defence and Space for spacecraft and ground segment, and Airbus Defence and Space 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.
AIRBUS Group is a global leader in aerospace, defence and related services. In 2009, the Group – comprising Airbus, Airbus Defence and Space, Cassidian and Eurocopter – generated revenues of € 42.8 billion and employed a workforce of more than 119,000.
Daniel Mosely (Airbus Defence and Space UK) Tel.: +44 (0)1 438 77 8180
Matthieu Duvelleroy (Airbus Defence and Space FR) Tel.: +33 (0) 1 77 75 80 32
Ralph Heinrich (Airbus Defence and Space GER) Tel.: +49 (0) 89 607 33971
Francisco Lechón (Airbus Defence and Space SP) Tel.: +34 91 586 37 41