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Schauenburg Ventures buys into NewSpace Systems (Pty) Ltd

 

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.