OHB Technology AG: OHB Technology AG takes over Thales Alenia Space Antwerp N.V. in expanding European presence

OHB Technology AG / Acquisition

19.07.2010 12:14

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OHB Technology AG takes over Thales Alenia Space Antwerp N.V. in expanding
European presence

Bremen, July 19, 2010. Today OHB Technology AG (Prime Standard, ISIN:
DE0005936124) acquired 100% of the shares of Thales Alenia Space Antwerp
N.V., Antwerp, Belgium, from Thales Alenia Space France SAS.

In the year 2009, Thales Alenia Space Antwerp N.V. generated sales of
approximately EUR 10 million with 42 employees.

Thales Alenia Space Antwerp N.V. is specialized in the development and
manufacture of ground stations equipments used particularly in
telecommunications and earth observation. The company builds the network
interconnecting the ground stations of the future European satellite-based
navigation system, Galileo*. The acquired product portfolio strengthens the
activities of the OHB Group in the field of ground segments.

With this acquisition, OHB consistently pursues its European growth
strategy with regard to ESA (European Space Agency) member states. As ESA's
fifth-largest contributor, Belgium is a key player of future ESA
programmes.



*Galileo: European global satellite-based navigation system; The project is
funded by, and part of, the Galileo programme which is an initiative by the
European Union (EU), and where the European Space Agency (ESA) acts in the
name of, and on behalf of, the EU. 'Galileo' is a trademark subject to OHIM
application number 002742237 by EU and ESA.

Contact:
Investor Relations
Michael Vér
Tel.: +49 421 - 2020-727
Fax: +49 421 - 2020-613
E-Mail: ver@ohb-technology.de


Corporate Communications
Steffen Leuthold
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: leuthold@ohb-technology.de




19.07.2010 Ad hoc announcement, Financial News and Press Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      OHB Technology AG
              Karl-Ferdinand-Braun-Str. 8
              28359 Bremen
              Deutschland
Phone:        +49 (0)421 2020 8
Fax:          +49 (0)421 2020 613
E-mail:       ir@ohb-technology.de
Internet:     www.ohb-technology.de
ISIN:         DE0005936124
WKN:          593612
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Düsseldorf, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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