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EADS Swallows Dutch Space
Paris (AFP) Dec 01, 2005 European aerospace and defence group EADS said on Thursday that its space division EADS Space had acquired Netherlands-based space company Dutch Space. European Aeronautic Defence and Space Company (EADS) did not reveal how much it had paid to acquire Dutch Space, which has annual turnover of about 65 million euros (76 million dollars) and employs nearly 300 people. Dutch Space, a subsidiary of Dutch aircraft manufacturer Fokker until 1995, is specialised in robotics, space equipment and satellite launchers and supplied equipment for the European satellite-launching rocket Ariane 5, which took off earlier this month, EADS said. In a statement issued by EADS, the chief executive of EADS Space, Francois Auque, said: "Dutch Space has a long and successful history in the space business and will be an excellent asset to our portfolio." The agreement was signed by Auque and the chief executive of Dutch Space, Ben Spee, in the presence of Dutch Minister of Economic Affairs Laurens Jan Brinkhorst. EADS said the acquisition of Dutch Space meant it would be active in five European countries. EADS added that it was looking at ways to deepen ties with Dutch partners such as Stork Aerospace, which is already a major supplier to European aircraft maker Airbus, an 80-percent-owned subsidiary of EADS. Community Email This Article Comment On This Article Related Links SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Stratos Steps Closer To Xantic Acquisition
Bethesda MD (SPX) Jan 5, 2006Stratos Global recently announced it had taken a step closer toward the completion of the acquisition of Xantic, having received positive advice from the Works' Council in the Netherlands, and executed a definitive agreement to purchase Xantic from KPN and Telstra Corporation. |
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