Astrium to Acquire Bosch Satcom
Friedrichshafen, 19 July 2001
On July 17, 2001, Bosch and Astrium signed an agreement regarding the sale of Bosch SatCom GmbH, Backnang. This agreement is subject to approval by cartel authorities.
As Bosch wants to concentrate on its core businesses, the company has decided to divest this subsidiary which designs, manufactures and sells equipment for the commercial communication satellite market. Astrium is one of its major customers.
Bosch SatCom, based in Backnang, Germany (near Stuttgart), designs and manufactures payload equipment for communications satellites. It has 630 employees and achieved total sales of 78 million EURO in 2000. The company has participated in more than 350 space projects since its founding in 1971. Astrium will maintain and develop Bosch SatCom as a world center of excellence for telecom payload and equipment technology.
