Alcatel and Finmeccanica today announced the signature of a memorandum of understanding to merge their space activities and form alliances in the space sector through the creation of two sister companies.
The first company, Alcatel Alenia Space, of which Alcatel will hold approximately 67% and Finmeccanica approximately 33%, will combine Alcatel Space and Alenia Spazio’s industrial activities. It will concentrate on the design, development, and manufacturing of space systems, satellites, equipment, instruments, payloads and associated ground systems. The management team of Alcatel Alenia Space will be located in France and will operate through five business divisions.
The second company, of which Finmeccanica will hold approximately 67% and Alcatel approximately 33%, will combine Telespazio with Alcatel Space’s operations and services activities. It will concentrate on operations and services for satellite solutions, which includes control and exploitation of space systems as well as services for networking, multimedia and earth observation. Its management team will be located in Italy.
“The Alliance emphasises the competencies of Alenia Spazio, Telespazio and Alcatel Space, thanks to the strong complementary nature and the investments made by the French and the Italian governments,” commented Pier Francesco Guarguaglini, Chairman and Chief Executive Officer of Finmeccanica.
“Regarding Galileo, in particular, the combination of capabilities existing in the two companies, will permit them to play a pre-eminent role both in the field of satellite systems and operations and services activities,” added Guarguaglini.
The creation of the new companies is expected to be completed by the end of 2004.