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Norway’s Kongsberg to Acquire Smallsat Manufacturer NanoAvionics

Rachel Jewett By
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Norway’s Kongsberg to Acquire Smallsat Manufacturer NanoAvionics
NanoAvionics 3U satellite assembly. Photo: NanoAvionics

Norwegian company Kongsberg Defence & Aerospace is acquiring smallsat manufacturer NanoAvionics under a deal announced Tuesday, valuing NanoAvionics at 65 million euros ($67 million). Kongsberg will acquire 77% of the company, and majority owner AST SpaceMobile will divest all its shares. NanoAvionics management will retain 23% of the company. NanoAvionics is known as a leading smallsat bus manufacturer and the company has seen rapid growth in recent years. The company tripled revenue from 2019 to 2020 while expanding in the United States, and has contributed to 120 missions…

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