Schauenburg Ventures SA (Pty) Ltd., the South African arm of German based Schauenburg Ventures, has acquired NewSpace Systems (Pty) Ltd. as of January29, 2020.
Schauenburg Ventures SA (Pty) Ltd. was established to enrich the product portfolio of the Schauenburg International – Africa Group, as well as Schauenburg Ventures, the focus primarily being on corporate ventures involved in highly innovative technologies that are available internationally as well as in South Africa.
This share acquisition of NewSpace Systems (NSS) fits strategically with Stratosat Datacom (Pty) Ltd. within the SCHAUENBURG International Group, which provides turnkey satellite and wireless converged communication network solutions into Africa. Stratosat was one of the main contractors for the Meerkat project in the Karoo with the Department of Trade and Industry.
NSS is a leader in the area of Microsatellite Attitude Control Solutions. With a focus on innovation and optimization, NSS delivers on high performance, reliability and cost efficiency, which has made it extremely successful in the international, operational, satellite constellation market. To date, NSS has supported more than 50 international customers, including 11 of the National Space Agencies.
James Barrington-Brown, CEO of NewSpace Systems, said this investment from SCHAUENBURG will enable the accelerated growth of NewSpace Systems by supporting additional product development and the establishment of new facilities, which is needed to accommodate the firm’s rapidly growing customer base.
Frederik de Ridder, Principle at Vaalbara and Interim Chair of the NSS Board of Directors, stated that the company views this as a pivotal moment in the growth, technological leadership and success of NewSpace globally. With this new investment and support from SCHAUENBURG, NSS can tackle bigger challenges as well as find new ways to add more value to the satellite sector.”
Florian Schauenburg, CEO of SCHAUENBURG International Group, offered that the acquisition of NewSpace delivers an interesting opportunity and strategic complement for the group. The investment gives the company further access to this interesting technology segment with high potential for future business in the new generation of satellite technology.”