KONGSBERG acquires NanoAvionics which combines their technology and manufacturing – SatNews

KONGSBERG acquires NanoAvionics which combines their technology and manufacturing – SatNews

  • Technology
  • July 5, 2022
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  • 6 minutes read


Kongsberg Defense & Aerospace (KONGSBERG) has signed an agreement to acquire small sats mission integrator and Lithuanian bus manufacturer NanoAvionics. The planned acquisition expands KONGSBERG’s space offering to also have products and technology for the manufacture of small satellites.

NanoAvionics is a bus manufacturer and mission integrator for small satellites with significant global growth in recent years, including expansions in the UK and US. With more than 150 employees, the company has contributed to 120 missions and commercial satellite projects, with clients 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. With the acquisition of NanoAvionics, KONGSBERG is expanding its portfolio to also have products and technology to design and manufacture small satellites. KONGSBERG is “We are the largest industrial space company in the Nordic region and a world leader in maritime surveillance. We have clear ambitions to grow even more and with this acquisition we are taking the next step for both ourselves and the Norwegian space industry.” he says Geir Håøy, CEO of KONGSBERG.

KONGSBERG will acquire a total of 77 percent of the company. The current majority owner AST & Science will divest all of its shares, while the management of NanoAvionics will retain 23 percent of the company. The parties have agreed on a business value of 65 million euros (100%). The management and leadership structure of NanoAvionics under CEO Vytenis Buzas and CCO Linas Sargautis, both founders of the company, will remain unchanged. KONGSBERG and NanoAvionics plan to close the transaction after the completion of the usual closing conditions, including the necessary regulatory reviews.

“Joining forces with KONGSBERG, one of the most respected names in the field of defense, maritime and space, further strengthens and expands our position in the NewSpace sector and provides us with access to new markets. It is the right time and a perfect match for our companies to consolidate our experience and create a world-class space company that will be a leading contractor for small satellite missions. “he says Vytenis J. Buzas, founder and CEO of NanoAvionics.

Both companies have complementary technology and positions in the space value chain. NanoAvionics is a leader in the Smallsat segment as a mission integrator and bus manufacturer, while KONGSBERG is an established provider of spacecraft subsystems and, through Kongsberg Satellite Services, the world’s leading provider of satellite earth stations. lit to download and process satellite data.

NanoAvionics has customers in more than 40 countries in Asia, Europe and America, complementing KONGSBERG’s global positions in both the traditional space segment and the new space.

“By joining forces, NanoAvionics and KONGSBERG will be able to offer cost-effective solutions and services to customers, from manufacturing, production and integration of payload, to launch and mission control and data processing services. The small constellation market “NanoAvionics has a solid track record and we look forward to working closely with this talented team.” he says Eirik Lie, President of Kongsberg Defense & Aerospace.

The planned acquisition is in line with KONGSBERG’s strategic priorities to grow in Norway’s space technology and space ambitions sector. In April, KONGSBERG announced the acquisition of three NanoAvionics microsatellites as a first step in establishing Norway’s first constellation of satellites with unique capabilities and world leaders. On July 5 this year KONGSBERG will open a new building of 6,000 square meters, with specialized facilities for the development and production of products to launch into space.

KSAT Svalbard. Credits: KONGSBERG

“Norway is a leader in the field of maritime surveillance in the far north. The planned acquisition incorporates world-class small satellite technology into our portfolio that allows for further advances in surveillance and other key strategic capabilities. NanoAvionics together with our existing space portfolio and the development of the Andøya spaceport, it means that Norway now has leadership positions throughout the value chain. “he says Lie.



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