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Kongsberg acquired a 77 percent controlling interest in NanoAvionics at an enterprise value of EUR 65 million on 8 September 2022.
NanoAvionics plans to add about 2,000 square meters of floor space at its facility in Vilnius, Lithuania.
The three Kongsberg-ordered spacecraft will be based on NanoAvionics’ MP42 microsatellite bus.
The MP42 microsatellite bus weighs more than 50 kg and is NanoAvionics’ largest satellite bus to date.
NanoAvionics’ current defense customers include Kongsberg, which ordered three satellites earlier 2022 for a maritime surveillance mission covering the North Sea.
Roughly half of the components used for NanoAvionics’ satellite buses were sourced from outside suppliers six years ago, compared to around 20% today.
Lithuania-based NanoAvionics built the spacecraft bus for Droid.001.
Lithuania-based NanoAvionics built the satellite bus for Turion Space’s Droid.001.
NanoAvionics began bulk buying components in 2020 to invest in stock against unusual market behavior.
NanoAvionics offers its microsatellite buses as part of an end-to-end mission infrastructure that includes launch and logistics, a ground station network, and mission operations.
NanoAvionics stripped down the GoPro Hero 7, fabricated a custom housing for the electronics, and produced a custom selfie stick to operate the camera in space.
NanoAvionics engineers used data-heavy images and videos during the LEOP (launch and early orbit phase) to verify the PC 2.0 payload controller is ready for advanced onboard data-processing applications.
The MP42 microsatellite was launched aboard a SpaceX Falcon 9 in April of 2022 for NanoAvionics’s MP42 microsatellite bus heritage mission.
The MP42 platform gained flight heritage in April, marking NanoAvionics’ expansion out of the 10-kilogram-and-under nanosatellite class.
NanoAvionics announced the MP42 product line in March 2021.
The MP42D bus enables NanoAvionics to host customer payloads of up to 145 kg.
On 2022-08-10, NanoAvionics extended its range of modular satellite buses toward the heavier end of the small satellite market.
Kongsberg Defence & Aerospace bought a majority stake in NanoAvionics for about $67,000,000.
NanoAvionics offers the MP42H bus for payloads of up to 22 kg.
The parties have agreed upon an enterprise value of EUR 65 million on a 100 percent basis for NanoAvionics.