EADS to acquire satellite company

August 2, 2011 at 10:12 am | Posted in Aerospace Law Interfaces, Space Law Current Events | Leave a comment

by Sara M. Langston with the blog faculty

Source: Wall Street Journal

PARIS—European Aeronautics Defence and Space Co. said Monday that it agreed to buy satellite-services company Vizada from private-equity fund Apax France for €673 million ($969 million), its fourth acquisition in recent months.

The takeover, which is subject to regulatory approval, would fit with EADS’s strategy of expanding its services outside Europe to reduce the company’s dependence on Airbus, its large aircraft division, which contributes the bulk of the aerospace group’s revenue and profit.

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