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EADS Astrium signs an agreement to acquire Surrey Satellite Technology Limited from the University of Surrey.

Publication: Business Wire
Publication Date: 07-APR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
* Astrium backing to support Surrey Satellite Technology Limited (SSTL) expansion and development

* University of Surrey and Astrium agree new UK strategic academic collaboration

STEVENAGE & GUILDFORD, England -- EADS Astrium, Europe's leading space company, has entered into an agreement to acquire the innovative University of Surrey spin-out company Surrey Satellite Technology Limited (SSTL), which specialises in the design and manufacture of small and micro satellites. This landmark deal provides the financial and industrial resources required for SSTL's expansion and future development. Completion of the acquisition is subject to obtaining the relevant regulatory approval.

"In the UK we are renowned for our design and manufacture of telecommunications satellites, interplanetary spacecraft and satellite services provision. SSTL is one of the great success stories of the UK space industry and will be a substantial complement to what we can offer customers around the world with its expertise in small and micro satellites and their innovative approach to developing new markets for...

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