SES ASTRA, an SES GLOBAL company (Euronext Paris and Luxembourg Stock Exchange: SESG), has announced today that the German Federal Cartel Office has approved the full acquisition of the satellite communications supplier ND SatCom by SES ASTRA. SES ASTRA had announced in May to increase its shareholding in ND SatCom from 25.1 to 100 per cent by acquiring the 74.9 per cent share from the German-based high-tech group AUGUSTA Technologie AG. The acquisition allows SES ASTRA to enter the fast growing government sector and take advantage of the growth potential for its core satellite infrastructure business.
ND SatCom is a leading global supplier of satellite-based broadband network solutions for government customers, broadcasters and enterprises. It is based in Friedrichshafen, Germany, employs 240 people globally, has major regional centers in Abu Dhabi, Beijing and Dallas, Texas, and conducts business in over 130 countries. In 2005, it generated revenues of EUR 80 million of which approximately 70 per cent derived from the government sector.
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