© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - GomSpace Completes Acquisition of NanoSpace
Posted 17th October 2016

GomSpace Completes Acquisition of NanoSpace

GS Sweden AB the parent company of GomSpace ApS, has agreed with the Swedish Space Corporation to acquire 100% of the shares of NanoSpace AB, a wholly owned subsidiary of SSC.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

GomSpace Completes Acquisition of NanoSpace
Image

GS Sweden AB (publ) the parent company of GomSpace ApS, has agreed with the Swedish Space Corporation (Svenska rymdaktiebolaget, SSC) to acquire 100% of the shares of NanoSpace AB, a wholly owned subsidiary of SSC. Following a due diligence investigation, the transaction will be completed tomorrow in accordance with the Letter of Intent previously signed by both parties, and communicated on August 19, 2016.

The purchase will be paid for with 600,000 newly issued shares in GS Sweden AB and with a cash payment of SEK 3,000,000. This new issue of shares will be decided by the Board of Directors, as authorized by an extraordinary general meeting held on April 28, 2016. The dilution for the current shareholders will approximately be 2.75%.

“NanoSpace, with their truly innovative propulsion technology that can position the satellites in space and a highly talented team, is a key addition for executing our strategy going ahead,” says Niels Buus, CEO, GomSpace. “The acquisition supports our stated intent to build a substantial presence in Sweden, for the dual purpose of expanding our engineering capabilities and for developing our business.”

NanoSpace develops and provides propulsion technology and products for nanosatellites, and participates in space technology projects funded by the European Space Agency (“ESA”) and Swedish national funding programs. GomSpace and NanoSpace also have an established partnership in several customer projects where NanoSpace propulsion technology is integrated with GomSpace nanosatellite platforms.

“As NanoSpace has successfully demonstrated the great potential of its technology and is now entering – and enabling – the commercial nanosatellite market, we are convinced that joining GomSpace is the proper course of action for NanoSpace going into the next phase,” says Stefan Gardefjord, CEO from SSC. “Together, we are effectively pushing the envelope for nanosatellites to realise commercial opportunities, and GomSpace is at the forefront of this new space industry.”

NanoSpace’s propulsion technology and products are based on its leading expertise in applying MEMS (Micro Electro Mechanical Systems) technology to space propulsion and satellite station keeping – providing unique advantages in miniaturization and precise thrust control.

GomSpace is now targeting commercial nanosatellite projects which involve constellations of satellites which fly in formation. This requires precise positioning, which is achieved using propulsion technology and products developed by NanoSpace.

Categories: M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
6 Strategies to Maximize Customer Engagement Through Corporate Email Campaigns in 2024
News
08/07/20246 Strategies to Maximize Customer Engagement Through Corporate Email Campaigns in 2024

Image Source: Pexels Most trending innovations, like corporate email campaigns, continue to soar high in 2024 as a reliable cornerstone for maximizing customer engagement. With new technologies and strategies sprouting fast, catching up and staying ahead needs

Read Full PostRead - Eye Icon
Law Firms and Cyber Security: The 4 Most Common Cyber Threats
Legal
28/09/2020Law Firms and Cyber Security: The 4 Most Common Cyber Threats

Data breaches are becoming more prevalent and the legal sector is a favoured target and is falling victim to cyber-attacks at an alarming rate. Guy Lloyd at CySure explains the 4 most common cyber threats and why the legal sector should step up its focus on cy

Read Full PostRead - Eye Icon
How to Decide Whether an MSP is Right for Your Business
Innovation
11/01/2023How to Decide Whether an MSP is Right for Your Business

You might have heard the term "MSP" used in conversation, or seen it in the news and wondered what it's all about. In the below article, we'll discuss what a managed service provider (MSP) is, how they can help your business and the steps you should consider t

Read Full PostRead - Eye Icon
Why you need to Protect your Business from International Copyright Infringement
Finance
20/02/2023Why you need to Protect your Business from International Copyright Infringement

Despite international treaties developing a set of minimum requirements for copyright law, legal protection of copyright in business is a national concern.

Read Full PostRead - Eye Icon
Bermuda: Poised for Economic Recovery
Finance
07/10/2015Bermuda: Poised for Economic Recovery

Oyster Consulting provides comprehensive and cost-effective compliance and operational consulting to the financial services industry.

Read Full PostRead - Eye Icon
CNH Industrial Acquires Kongskilde Agriculture Brands
Finance
31/10/2016CNH Industrial Acquires Kongskilde Agriculture Brands

CNH Industrial N.V. announced today its agreement to acquire the agricultural Grass and Soil implement business of Kongskilde Industries, part of the Danish Group Dansk Landbrugs Grovvareselskab

Read Full PostRead - Eye Icon
The Rising Popularity of digital earning opportunities in the UK
Finance
28/02/2020The Rising Popularity of digital earning opportunities in the UK

Online Trading Platforms in the UK More and more people are taking advantage of digital earning opportunities. Powerful platforms allow you to buy and sell currencies in the biggest financial market in the world. Efficient software makes trading online possibl

Read Full PostRead - Eye Icon
A True Insight Into Fashion Consumer Trends
Innovation
02/09/2022A True Insight Into Fashion Consumer Trends

As the Most Innovative Consumer Behaviour & Shopping Intelligence Platform – 2022, FashWire has an exceptional reputation to maintain.

Read Full PostRead - Eye Icon
Alix Partners
Strategy
15/05/2015Alix Partners

The firm’s expertise covers a wide range of businesses and industries, whether they are healthy, challenged, or distressed.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow