Satellite solar power and structural solutions provider SolAero Technologies has purchased aerospace structural products and assemblies supplier Vanguard Space Technologies from Enlightenment Capital.
Headquartered in San Diego, California, US, Vanguard delivers components for commercial, defence and civil satellites to customers worldwide. Established in 1994, it has delivered over 200 products for more than 50 spacecraft, and was bought as a wholly owned unit of SolAero.
However, it will be operated under the Alliance Space systems brand.
Although the purchase of Vanguard offers key synergy opportunities for the firm, there are no near-term changes to any of the companies’ operations planned due to the acquisition.
SolAero CEO Brad Clevenger said: "This acquisition combines highly complementary core businesses to create a stronger company that will drive value for our worldwide customer base.
"We look forward to continuing to bring innovative and cost-effective solutions to all of our customers across all lines of business."
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By GlobalDataVanguard CEO Frank Belknap said: "Vanguard is pleased to be joining the SolAero team. We have established a great working relationship over the years working on joint projects.
"This acquisition will consolidate the capabilities and resources of Alliance and Vanguard, and Vanguard’s extensive engineering heritage will enhance SolAero’s portfolio of products and services to the space structures industry."
