MEDIA RELEASE
Kempton Park, February 2020
Schauenburg Ventures SA (Pty) Ltd, the South African arm of German based Schauenburg Ventures, has bought into NewSpace Systems (Pty) Ltd as of 29 January 2020.
Schauenburg Ventures SA (Pty) Ltd was established to enrich the product portfolio of the Schauenburg International – Africa Group as well as Schauenburg Ventures, focusing primarily on corporate ventures regarding highly innovative technologies available internationally and in South Africa. The recent significant 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 world leader in the area of Microsatellite Attitude Control Solutions. With a focus on innovation and optimization, NSS delivers on high performance, remarkable 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.
“The 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 our rapidly growing customer base”, stated
James Barrington-Brown, CEO of NewSpace Systems.
“Vaalbara has been invested in and working with the NewSpace team for several years, and we are excited by the new partnership with the SCHAUENBURG International team. We view this as a pivotal moment in the growth, technological leadership and success of NewSpace globally. With new investment and support from SCHAUENBURG, NSS can tackle not only bigger challenges, but also find new ways to add more value to the satellite sector.” – Frederik de Ridder, Principle at Vaalbara and Interim Chair of the NSS Board of Directors.
“The acquisition of NewSpace, offers an interesting opportunity and strategic complement for our group. The investment gives us further access to this interesting technology segment with high potential for future business in the area of the new generation of satellite technology.” – Florian Schauenburg, CEO of SCHAUENBURG International Group
About SCHAUENBURG International
SCHAUENBURG International is a family-managed investor operating on an international level with a focus on acquiring majority shares in well-established and profitable industrial enterprises. Investments are made on a long-term basis with a buy and build strategy, paying regard to sustainability and trustful cooperation with the existing management teams. The SCHAUENBURG International Group focuses on companies that are leading in technological niche markets and that strengthen and/or reasonably supplement existing business domains.
More Information about Schauenburg International can be found at www.schauenburg.com
About NewSpace Systems
NewSpace Systems (NSS) is an advanced manufacturer of reliable, space-proven satellite sub-systems and components with offices in both South Africa and The United Kingdom. Particularly strong in the area of Attitude Control Solutions, and services such as high precision contract manufacturing, NSS’s focus on high performance and cost efficiency has made it extremely successful in the operational satellite constellation market. To date, NSS has supplied its products and services to more than 50 customers across 5 continents. Committed to delivering on the high-quality products and services that our customers expect, NSS has established state-of-the-art facilities in South Africa. These include ISO 14644-1 certified (class 7) cleanrooms and technicians, who are European Space Agency accredited. Representing a unique capability on the African continent, the NSS team utilises its more than 30 years of experience in the space industry to assist customers with their unique mission requirements.
More information about NewSpace Systems can be found at www.newspacesystems.com
About Vaalbara
Vaalbara is a long-term and globally focused privately held investment company, with independent holdings in South Africa and the Netherlands.
More information about Vaalbara can be found at www.vaalbara.net
