GMV restructures its Space business in the USA

 

11 April 2013

 GMV  is restructuring and selling its U.S. Institutional Aerospace business while retaining its Commercial Space business.

As part of this restructuring, GMV has established a new company, GMV Innovating Solutions, Inc. based in Rockville, MD to serve as the new GMV headquarters in the USA. GMV Innovating Solutions, Inc. will carry on GMV’s current business activities in the Commercial Space market building on the legacy already established over the past nine years. GMV Innovating Solutions, Inc. will also be home to other GMV business activities in the IT and Transportation markets, already present in the U.S.

The former management team of GMV USA has acquired GMV’s business activities in the U.S. Institutional Aerospace market. The resulting entity, named MetiSpace Technologies, Inc.  is an independent, woman-owned small business with an exclusive agreement to be the reseller of GMV’s products for satellite ground control and mission planning for the U.S. Institutional Aerospace market.

With this operation, GMV will be able to leverage its integrated worldwide resources to better serve the Commercial Space market. This will make GMV even more competitive as it aims to maintain its position as # 1 worldwide provider of satellite ground control systems for Commercial telecom operators.

Classified as a woman-owned small business, MetiSpace Technologies, Inc. will build upon the more than 40 missions supported by GMV USA, providing cost effective and innovative solutions to numerous critical U.S. government missions such as the Tracking and Data Relay Satellites (TDRS), Landsat Data Continuity Mission (LDCM), NASA’s Lunar Reconnaissance Orbiter (LRO); and the Geostationary Operational Environmental Satellite – R Series (GOES-R). 

 

“Since GMV created a wholly owned U.S. subsidiary in 2004, we have experienced a solid growth in both the U.S. Institutional and Commercial Space markets. This step will help us keep growing in all our businesses in North America” said Jesús Serrano, the CEO of GMV worldwide.

“GMV has been a tremendous technology company to have worked with. It is an honor and a privilege to continue on the path that GMV empowered our team to start on nearly a decade ago. We are very excited by the new directions and opportunities that this transaction opens up for us.” said Theresa Beech, former GMV USA President and new CEO and President of MetiSpace Technologies. 

The strategic partnership between GMV and MetiSpace Technologies, Inc. is expected to strengthen the market position of both companies in the U.S. Institutional Aerospace marketplace.