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Kongsberg announced the procurement of three microsatellites from NanoAvionics as a first step toward establishing Norway’s first satellite constellation.
NanoAvionics has contracts to provide satellite buses or complete satellites for startups including Gama and Turion Space.
The parties have agreed upon an enterprise value of EUR 65 million on a 100 percent basis for NanoAvionics.
AST SpaceMobile acquired a 51% stake in NanoAvionics in 2018.
InMotion Holdings, LLC, a company owned by AST SpaceMobile’s chief executive Abel Avellan, will receive 7,700,000 EUR for options it has to acquire NanoAvionics shares.
Kongsberg will acquire 77% of NanoAvionics under the terms of the agreement announced 2022-07-05.
The parties have agreed on an enterprise value of 65,000,000 EUR on a 100 percent basis for NanoAvionics.
AST SpaceMobile expects to receive 27,000,000 EUR for the NanoAvionics shares it is selling.
Kongsberg procured three small satellites from NanoAvionics in April as a first step toward establishing Norway’s first satellite constellation.
Kongsberg will expand its space offering to include products and technology for designing and manufacturing small satellites through the acquisition of NanoAvionics.
Kongsberg Defence & Aerospace will acquire a majority stake in NanoAvionics in a deal that values NanoAvionics at 65,000,000 EUR ($67,000,000).
NanoAvionics built, tested, and launched D2 / Atlacom-1 in eight months in 2021.
Contec contracted in 2021 with U.S. smallsat mission integrator NanoAvionics for a 16-unit cubesat bus that will carry a Contec laser communications terminal and a 1.5-meter-resolution imager supplied by Simera Sense.
The nanosatellite platforms use NanoAvionics’ 3U smallsat bus M3P with a payload mass capacity of up to 3 kg developed by Te Pūnaha Ātea Space Institute.
Te Pūnaha Ātea Space Institute at the University of Auckland has tasked NanoAvionics to build two nanosatellite platforms designed to support educational and technology demonstration missions.
NanoAvionics provided modular nanosatellite buses, launch support, and in-orbit operations for the Omnispace Spark program.
Under the mission agreement NanoAvionics will provide a 6U smallsat bus, payload integration services, a satellite testing campaign, launch services, and satellite operations for Gama’s demonstration.
FFI previously collaborated with NanoAvionics on a Norwegian-Dutch MilSpace mission in which NanoAvionics built two nanosatellites.
Kongsberg Defence & Aerospace ordered three microsatellites from Lithuania’s NanoAvionics for a 2024 launch.
NanoAvionics’ MP42 bus gained flight heritage in April 2022 when it carried a payload for Luxembourg connectivity startup OQ Technology on a SpaceX Falcon 9 rideshare mission.