{"id":84053,"date":"2011-10-24T20:03:23","date_gmt":"2011-10-24T12:03:23","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/kongsberg-acquires-fellow-norwegian-satellite-equipment-provider\/"},"modified":"2011-10-24T20:03:23","modified_gmt":"2011-10-24T12:03:23","slug":"kongsberg-acquires-fellow-norwegian-satellite-equipment-provider","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/kongsberg-acquires-fellow-norwegian-satellite-equipment-provider\/","title":{"rendered":"Kongsberg Acquires Fellow Norwegian Satellite Equipment Provider"},"content":{"rendered":"<p>[10-24-11] Space components and ground-station services provider <b>Kongsberg<\/b> has acquired Norwegian satellite equipment supplier <b>Norspace<\/b> for an undisclosed price, the companies confirmed Oct. 21.<br \/>\n&nbsp; &nbsp;Kongsberg said it expects the deal to close by the end of October and that, once completed, the company would merge Norspace into its defense and aerospace business.<br \/>\n&nbsp; &nbsp;Formerly Alcatel Space Norway, Norspace develops and builds on-board electronics for satellites. Last year, the company won its largest order worth 170 million Norwegian kroner ($30 million) to deliver frequency generators and search-and-rescue transponders for Europe\u2019s Galileo satellite navigation system.<br \/>\n&nbsp; &nbsp;\u201c[The acquisition] enables us to exploit each other\u2019s expertise and market positions to grow and develop new products and markets. A larger and more internationally robust standing would enable Kongsberg to seek new opportunities in the space sector,\u201d Kongsberg Defense Systems CEO Harald Annestad said in a statement.<br \/>\n&nbsp; &nbsp;In 2010, Norway\u2019s space industry in reported revenues of 5.7 billion kroner ($1 billion), most of which was generated from exports.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[10-24-11] Space components and ground-station services provider Kongsberg has acquired Norwegian satellite equipment supplier Norspace for an undisclosed price, the companies confirmed Oct. 21. &nbsp; &nbsp;Kongsberg said it expects the deal to close by the end of October and that, once completed, the company would merge Norspace into its defense and aerospace business. &nbsp; &nbsp;Formerly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-84053","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84053"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=84053"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84053\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=84053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=84053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=84053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}