Alcatel and Finmeccanica reached a final agreement to merge their space activities through the creation of two joint ventures companies, to which both partners will contribute their respective satellite industrial and service activities.
The first company, Alcatel Alenia Space, of which Alcatel will hold 67% and Finmeccanica 33%, will combine Alcatel Space and Alenia Spazio’s activities. It will concentrate on the design, development, and manufacturing of space systems, satellites, payloads, instruments and associated ground systems for civilian and military applications. The headquarters of Alcatel Alenia Space will be located in France, with plants in France, Italy, Belgium and Spain. With estimated 2004 sales of EUR 1.8 billion and around 7,200 people, it will create the European leader in satellite systems and services.
The second company, Telespazio, of which Finmeccanica will hold 67% and Alcatel 33%, will combine Telespazio with Alcatel Space Services and Operations activities. It will concentrate on operations and services for satellite solutions, which includes control and exploitation of space systems as well as value-added services for networking, multimedia and earth observation. Its headquarters will be located in Italy with plants in Italy, France and Germany. With estimated 2004 sales of EUR 350 million and around 1,400 people, it will be a key player in the space services market.
http://www.alcatel.com
http://www.finmeccanica.it
