Thu, 06 Jun 2024 | BUSINESS SALE
California-based space domain awareness company ExoAnalytic Solutions is set to acquire a UK space research and technology start-up. ExoAnalytic Solutions has outlined its aim of acquiring 3S Northumbria and establishing it as a wholly-owned subsidiary.
The Northumberland-based company is known for its innovative space technology and data integration work. The integration of the firm into ExoAnalytic Solutions would enable the US-based company to offer a broader range of commercial SSA services, specifically tailored to the requirements of UK space initiatives.
ExoAnalytic Solutions says it is seeking to “supercharge” the development of the skills and experience that are required to support the UK’s space ambitions. The strategic acquisition will also significantly bolster the company’s presence in the UK and Europe.
ExoAnalytic Solutions Chief Executive Douglas Hendrix said that 3S Northumbria’s "mission to ensure the safe and sustainable use of space perfectly complements our unparalleled space domain awareness capabilities.”
He continued: “This acquisition will allow us to better serve the UK government and other partners with enhanced SSA services, ensuring more comprehensive monitoring and protection of space assets."
Ralph Dinsley, founder and Managing Director of 3S Northumbria, commented: "The UK Government is increasingly focused on securing its interests in space. Becoming part of ExoAnalytic Solutions provides us with the opportunity to leverage their global infrastructure and experience, significantly boosting our ability to deliver high-quality SSA data and services to the UK and our other clients."
The acquisition is expected to close within the next few weeks, during the second quarter of 2024, subject to customary closing conditions and the relevant regulatory approvals being received.
Find out more about M&A in the UK's developing space sector
The UK is the most attractive marketplace in Europe for inbound and domestic M&A investment
A superbly established consultancy which excels in industrial automation software systems, serving as a trusted partner to prominent manufacturers across Europe.
This rapidly growing UK-based auto glass replacement platform is a pioneer in digitising the industry, offering real-time quotes and seamless mobile scheduling to meet strong, recurring demand.
A compelling investment opportunity in to a technology-driven luxury jewellery marketplace. Strategically designed to become the trend setter for jewellery enthusiasts, the business is expanding across the United Kingdom, the UAE, and Spain.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.