Investment plan

NanoAvionics Announces Investment Plan for Smallsat Constellation Supply

Credit: Kongsberg NanoAvionics

Ibadan, October 26, 2022. – Kongsberg NanoAvionics has announced a multi-million investment plan to support and accelerate its goal of becoming the leading provider of small satellite constellations globally. Following the recent acquisition by Kongsberg and as part of its growth plan, the company is looking to significantly increase its production capacity over the next two years. Likewise, it intends to accelerate its research and development (R&D) program.

NanoAvionics also announced its name change to Kongsberg NanoAvionics, after completing its acquisition by Kongsberg in September. However, the company will continue to operate as NanoAvionics. It will also expand its Lithuanian facilities in Vilnius and Kaunas, focusing on mass production of satellite buses and hiring more people in the coming year to increase its production capacity.

Increasing its R&D activities will focus on defense-grade reliability of satellite buses and further address NanoAvionics modular architecture for sophisticated remote sensing applications. In addition, the satellite manufacturer will continue to improve the cybersecurity of its satellite buses to ensure consistent protection of customer data.

In addition, customers and other stakeholders will benefit from an expanded supply chain thanks to Kongsberg and its expertise in industrial technology. In addition, the investment plan and improved end-to-end infrastructure, combined with NanoAvionics’ capabilities in the small satellite industry, will create new and improved products and improve the global availability of NanoAvionics satellites.

“Kongsberg’s investment and expertise, along with our research, manufacturing and mission expertise, allows us to seriously expand our growth and expansion plans and even develop new products,” said Vytenis J. Buzas, CEO of Kongsberg NanoAvionics. “We are now well on our way to becoming the leading provider of small satellite constellations globally.”

Eirik Lie, Chairman of Kongsberg Defense & Aerospace and President of NanoAvionics, said, “NanoAvionics has made impressive progress to already become one of the leading small satellite mission integrators in this industry and enjoy the trust of its customers and partners. As part of the Kongsberg family, they are now in a better position and able to make new high quality and profitable propositions across the entire value chain for small satellite constellations.

Kongsberg, an international high-tech group, headquartered in Norway, acquired on September 8, 2022 a majority stake of 77% in NanoAvionics for an enterprise value of 65 million euros. .