Thu, 06 Jun 2024 | BUSINESS SALE
California-based space domain awareness company ExoAnalytic Solutions is set to acquire a UK space research and technology start-up. ExoAnalytic Solutions has outlined its aim of acquiring 3S Northumbria and establishing it as a wholly-owned subsidiary.
The Northumberland-based company is known for its innovative space technology and data integration work. The integration of the firm into ExoAnalytic Solutions would enable the US-based company to offer a broader range of commercial SSA services, specifically tailored to the requirements of UK space initiatives.
ExoAnalytic Solutions says it is seeking to “supercharge” the development of the skills and experience that are required to support the UK’s space ambitions. The strategic acquisition will also significantly bolster the company’s presence in the UK and Europe.
ExoAnalytic Solutions Chief Executive Douglas Hendrix said that 3S Northumbria’s "mission to ensure the safe and sustainable use of space perfectly complements our unparalleled space domain awareness capabilities.”
He continued: “This acquisition will allow us to better serve the UK government and other partners with enhanced SSA services, ensuring more comprehensive monitoring and protection of space assets."
Ralph Dinsley, founder and Managing Director of 3S Northumbria, commented: "The UK Government is increasingly focused on securing its interests in space. Becoming part of ExoAnalytic Solutions provides us with the opportunity to leverage their global infrastructure and experience, significantly boosting our ability to deliver high-quality SSA data and services to the UK and our other clients."
The acquisition is expected to close within the next few weeks, during the second quarter of 2024, subject to customary closing conditions and the relevant regulatory approvals being received.
Find out more about M&A in the UK's developing space sector
The UK is the most attractive marketplace in Europe for inbound and domestic M&A investment
Supplies a wide range of high-quality IT parts and systems, as well as providing technical support and customer Engineer training. Benefits from a large customer base and an exceptional reputation.
The company supplies copper and fibre optic cable infrastructure systems and audio/visual products and services. Over its decades of operation, the company has established a number of strong relationships with prestigious clients operating across the...
Over the past 10 years, our clients have built a solid and profitable business with a well-respected reputation helping clients in the higher education sector improve service delivery through a better understanding of students’ lives, before, during,...
17
|
Oct
|
Car parts maker bought by CorpAcq | BUSINESS SALE
Cheadle-based car parts manufacturer group Klarius has been ...
17
|
Oct
|
Funeral firm Farewill welcomes Dignity acquisition | BUSINESS SALE
Funeral specialist Farewill is being bought for £13 mi...
17
|
Oct
|
Blue Cube Travel in 'perfect' acquisition | BUSINESS SALE
London-based Blue Cube Travel has been bought by globetrotti...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.