Defense: Rohde & Schwarz strengthens satellite business with two acquisitions
The Munich-based technology group is buying two space start-ups from Dresden. The goal of Rohde & Schwarz is to secure further German military contracts for a multi-billion euro project.
Rohde & Schwarz, a technology group, has acquired Neosat and Phytronic, two Dresden-based companies specializing in the transmission and processing of radio waves. The acquisition strengthens Rohde & Schwarz's position in the satellite communications market, particularly with regards to the German military's planned "SatcomBW-4" satellite network project, which is expected to cost between 8 and 10 billion euros.
The project aims to provide a secure communication system for the military, with several hundred satellites to be launched starting in 2029. Rohde & Schwarz's revenue from defense contracts has increased to 50% of its total revenue, up from 20% at the start of the Ukraine war, with the company currently generating 3.1 billion euros in revenue.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
