Tuesday, May 21

European space consultancies merge to form Novaspace

TAMPA, Fla. — European space consultancy firms Euroconsult and SpaceTec Partners announced merger plans April 5 to expand their services globally.

The combined group will be called Novaspace, marrying Euroconsult’s market intelligence expertise with SpaceTec Partners’ management consulting strengths and closer ties with European Union agencies.

Pacôme Revillon, CEO of Euroconsult, said the deal is essentially complete and is just waiting for final paperwork and financial transfers. 

40-year-old Euroconsult, which also runs industry events including the annual World Space Business Week in Paris, has offices in France, Canada, Japan, Singapore, Australia, and the United States.

SpaceTec Partners was set up two decades ago and has offices in Germany and Belgium.

Revillon declined to disclose financial details but said the bulk of the transaction was made through the exchange of shares and brought together a team of about 130 people from the two companies.

The deal comes two years after U.S.-based rival market research and consulting firm Northern Sky Research was sold to Analysys Mason, a U.K.-based management consultancy focused on telecoms, media, and technology.

Jason Rainbow writes about satellite telecom, space finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information…
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source: spacenews.com