Airbus Defence and Space

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EADS acquires Vizada for its Airbus Defence and Space Division

EADS continues to realize its Vision 2020 strategy goal to develop services business


• EADS acquisition further balances group’s platforms and services business and provides Airbus Defence and Space with an opportunity to develop new services


• Through perfectly complementary governmental and commercial satcom capabilities, greater flexibility and a diversified and innovative product range can be offered to customers


• Vizada, a major independent provider of global satellite–based mobility services to become part of Airbus Defence and Space Services – a global leader in commercial and secure satcom for military and government customers.


• Transaction represents a total consideration of € 673 million and will be financed through EADS existing cash balances

Leiden, The Netherlands, 1 August 2011 – Airbus Defence and Space, an AIRBUS Group (EUR:EAD) subsidiary has entered into an agreement to acquire Vizada from Apax France, a French Private Equity fund and the majority shareholder, for [] 960 million. The transaction is subject to customary regulatory approvals.

Vizada is a leading independent provider of global satellite-based mobility communication services, serving customers across sectors including maritime, aero, land, media, NGO (non-governmental organizations) and government/defence. Via all satellite network operators, it offers mobile and fixed connectivity services both directly and through a distribution network of over 400 re-sellers. Vizada has over 200,000 users around the world. Vizada is present in five continents with over 700 employees. Vizada expects to generate around [] 660 million in revenue and [] 95 million EBITDA in 2011.

The growing demand for maritime services is a perfect cornerstone for Airbus Defence and Space to develop its commercial Satellite Communications (SatCom) business. Vizada is one of the leaders in such services for which there is a clear market demand. This also offers multiple development potential in the various sub sectors such as commercial, fishing, leisure and military. Vizada also serves other market verticals such as media, nongovernmental organizations (NGOs), mining and governmental sectors.

Vizada has built up sizeable business with the US Government and is a major supplier for the US Government aero services. In 2011, Vizada was awarded a General Service Administration (GSA) Schedule 70 Future Commercial Satellite communications (COMSATCOM) Services Acquisition (FCSA) contract to provide MSS (mobile satellite services) access for the US government and military customers. The French and German armed forces are other major government customers.

AIRBUS Group Chief Strategy and Marketing Officer Marwan Lahoud said: “Further to the recent acquisitions of Vector Aerospace in Canada and Metron in the U.S., as well as the on-going public offering for Satair in Denmark, this acquisition marks a further step towards the realisation of AIRBUS Group’ Strategy to balance platforms with Services, develop business in North America and diversify its workforce. This is a significant milestone in making Vision 2020 a reality. This is clearly an accretive transaction for AIRBUS Group shareholders and will generate significant synergies.”

Eric Béranger, CEO of Airbus Defence and Space said: “Vizada being a world leader in commercial satcom services is the perfect complement to our existing satellite communications portfolio which is heavily focused on governmental and secure civil satcom. Bringing Vizada together with Airbus Defence and Space will enable us to be more innovative, diversifying our range of services and providing our customers with greater flexibility”.

The acquisition will broaden the range of services offered globally by AIRBUS Group strengthening the group presence across Europe, the Middle East, Asia, Africa and the United States.

Airbus Defence and Space covers Telecom Services, Secure Satcom Systems, and Geo-Information Services. Vizada will become a fourth business line within Airbus Defence and Space enabling the continued diversification of Airbus Defence and Space’s customer base, and providing a complete range of fixed, handheld and mobile solutions across both secure commercial and military-hardened satcom networks. Airbus Defence and Space and Vizada teleport infrastructures will be combined to serve all customers in the most remote areas, offering a global coverage and seamless connectivity.

About Vizada
Vizada is the leading independent provider of global satellite-based mobility services. The company, which was formed by the merger of Telenor Satellite Services and France Telecom Mobile Satellite Communications, offers mobile and fixed connectivity services from multiple satellite network operators through a network of 400 service provider partners. These services are packaged with Vizada Solutions™, designed to add business value to basic connectivity, and delivered through Vizada’s global teleport network – six state-of-the-art satellite facilities strategically positioned around the world. Vizada works with the broadest range of network providers in the industry, including: Inmarsat, Iridium, Thuraya, Eutelsat, Intelsat, Loral, New Skies, and SES Americom. Vizada’s 200,000 end users benefit from access to these satellite communications services wherever they are in the world. End users include: merchant shipping vessels, emergency response organizations, government and military units, global media companies, telecoms & internet service providers, and business, military and civil aviation.

About AIRBUS Group
AIRBUS Group is a global leader in aerospace, defence and related services. In 2010, the Group – comprising Airbus, Airbus Defence and Space, Cassidian and Eurocopter – generated revenues of € 45.8 billion and employed a workforce of nearly 122,000.

About Airbus Defence and Space

Airbus Defence and Space is the number one company in Europe for space technologies and a wholly owned subsidiary of AIRBUS Group, dedicated to providing civil and defence space systems and services. In 2010, Airbus Defence and Space had a turnover of €5 billion and more than 15,000 employees worldwide, mainly 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 solutions covering secure and commercial satcom and networks, high security satellite communications equipment, bespoke geo-information and navigation services worldwide.

Specific Note Regarding AIRBUS Group N.V. Forward Looking Statements
This news release may contain certain information that constitutes forward looking information within the meaning of applicable securities laws. These statements are based on AIRBUS Group’ and Airbus Defence and Space’s current expectations, estimates, forecasts and projections related to the operating environment, economies and markets in which AIRBUS Group and Airbus Defence and Space operate; their financial condition and their general business. By their very nature, forward-looking statements are based on certain factors and assumptions and are subject to important risks and uncertainties. The
forward-looking statements herein may differ materially from actual results or events. While AIRBUS Group and Airbus Defence and Space consider the assumptions on which these statements are made to be reasonable, based on information currently available to it, they may prove to be incorrect and readers are cautioned, therefore, not to place undue reliance on these statements as a number of important factors could cause actual results to differ materially from those expressed in such forward-looking statements. Any forward looking statements contained in this news release are made as of the date of this release and, accordingly, are subject to change after such date. Unless otherwise required under applicable laws, we disclaim any intention or obligation to update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise.


Contacts:
Contacts AIRBUS Group:
Martin Agüera + 49 89 607 34735
Rod Stone + 33 1 42 24 27 75

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Leiden, The Netherlands, 1 August 2011 – Airbus Defence and Space, an AIRBUS Group (EUR:EAD) subsidiary
has entered into an agreement to acquire Vizada from Apax France, a French Private
Equity fund and the majority shareholder, for [] 960 million. The transaction is subject to
customary regulatory approvals.
Vizada is a leading independent provider of global satellite-based mobility
communication services, serving customers across sectors including maritime, aero,
land, media, NGO (non-governmental organizations) and government/defence. Via all
satellite network operators, it offers mobile and fixed connectivity services both directly
and through a distribution network of over 400 re-sellers. Vizada has over 200,000
users around the world. Vizada is present in five continents with over 700 employees.
Vizada expects to generate around [] 660 million in revenue and [] 95 million EBITDA in
2011.
The growing demand for maritime services is a perfect cornerstone for Airbus Defence and Space to
develop its commercial Satellite Communications (SatCom) business. Vizada is one of
the leaders in such services for which there is a clear market demand. This also offers
multiple development potential in the various sub sectors such as commercial, fishing,
leisure and military. Vizada also serves other market verticals such as media, nongovernmental
organizations (NGOs), mining and governmental sectors.
Vizada has built up sizeable business with the US Government and is a major supplier
for the US Government aero services. In 2011, Vizada was awarded a General Service
Administration (GSA) Schedule 70 Future Commercial Satellite communications
(COMSATCOM) Services Acquisition (FCSA) contract to provide MSS (mobile satellite
services) access for the US government and military customers. The French and
German armed forces are other major government customers.