After €22.5 million raise, Vienna’s ENPULSION to acquire British space propulsion company Lift Me Off
ENPULSION, an Austrian industrial manufacturer of spacecraft propulsion systems, has entered into an agreement to acquire 100% of the share capital of the UK-based chemical propulsion and tank design company, Lift Me Off (LMO), which has worked on European Space Agency (ESA) missions. The financial terms of the deal were not disclosed, and completion of […] The post After €22.5 million raise,…
Vienna-based ENPULSION, a manufacturer of spacecraft propulsion systems, has agreed to acquire British chemical propulsion and tank design company Lift Me Off (LMO) for £22.5 million. The transaction requires approval from the UK Government under the National Security and Investment Act 2021. ENPULSION CEO Dr. Alexander Reissner stated that the acquisition will solidify their commitment to building a complete spacecraft mobility backbone.
LMO brings institutional design credentials, a skilled team, and complementary technology in chemical propulsion and tank systems. ENPULSION, which commercializes field-emission electric propulsion technology, currently delivers over 320 propulsion systems in orbit and has hardware on 15 of 17 SpaceX Transporter missions. The acquisition is part of ENPULSION's plan to transition from an electric propulsion component supplier to a spacecraft mobility backbone company, adding chemical propulsion design capabilities and propellant tank technology to its portfolio.
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