Satellogic Completes
Investment in Officina Stellare, a Leader in the
Design and Production of Optomechanical
Instrumentation
November 08, 2022
Satellogic Inc. announced the
completion of an ~5% investment in Officina Stellare
(“OS”). This includes an option for Satellogic to
expand its ownership to up to 12% in the next 36
months and the appointment of Emiliano Kargieman,
CEO and Co-Founder of Satellogic, to the OS Board of
Directors.
OS, a publicly traded Euronext
Growth Milan company headquartered in Sarcedo -
Vicenza, is widely recognized as a leader in the
design and production of optomechanical
instrumentation for aerospace, research, and defense
sectors. OS continues to be a telescope provider for
Satellogic and specializes in communication,
optical, and quantum applications that are the
backbone infrastructures for the rapidly growing
Space Economy.
“Acquiring a significant
ownership interest in Officina Stellare represents a
strategic investment in a key industry supplier, and
is a large step towards furthering our own vertical
integration and greater supply chain resiliency,”
said Satellogic’s Emiliano Kargieman. “Our vertical
integration enables Satellogic to have shorter R&D
cycles, faster innovation cycles and lower satellite
costs compared to competitors, and we believe this
approach will continue to unlock commercial
opportunities in the market.”
“Officina Stellare brings an
experienced, dynamic team which complements our
development and innovation capabilities. This is an
exciting opportunity not only to help guide their
delivery of advanced optomechanical instrumentation,
but also facilitates our own collaborative growth in
commercial markets and customer-centric innovation,”
added Kargieman.
Gino Bucciol, Co-founder and VP
of Business Development at OS, said: “Officina
Stellare and Satellogic have always shared a common
drive for customer innovation and industry
disruption, and together we are positioned to bring
both into the New Space Economy. This is a starting
point for our collaboration, and we look forward to
expanding our aerospace capabilities and greater
market penetration.”
|