Kongsberg Defence & Aerospace (KONGSBERG) has entered into an agreement to acquire Lithuanian smallsat mission integrator and bus manufacturer NanoAvionics.
The planned acquisition expands KONGSBERG’s space offering to also have products and technology for manufacturing small satellites.
NanoAvionics is a leading smallsat mission integrator and bus manufacturer with significant global growth in recent years, including expansions into the United Kingdom and the United States. With more than 150 employees the company has contributed to 120 missions and commercial satellite projects, with customers ranging from national space agencies to universities such as UNSW Sydney and companies such as Thales Alenia Space, Aurora Insight, the Dubai Electricity & Water Authority, SEN and others.
“The agreement to acquire NanoAvionics represents a game changer for KONGSBERG’s space ambitions. By acquiring NanoAvionics KONGSBERG expands its portfolio to also have products and technology for designing and manufacturing small satellites. KONGSBERG is the Nordic region's largest industrial space company and a global leader in maritime surveillance. We have clear ambitions to grow further and with this acquisition we are taking the next step both for us and for Norwegian space industry,” says Geir Håøy, CEO of KONGSBERG.
