OHB AG Merges Space Subsidiaries
[Via Satellite 09-02-2014] Erwin Kayser-Threde, located in Munich, Germany has merged with OHB System AG in Bremen, Germany. The combined company will use the name OHB System AG, but will continue to use the Kayser-Threde logo for process control technology activities. Both companies were subsidiaries of OHB AG.
Recruitment, personnel development activities and select management responsibilities will remain carried out at separate sites. However, new offices are under construction at the Oberpfaffenhofen space center near Munich. Slated for completion in mid-2015, the new facilities will combine the existing establishments currently based in Munich. According to OHB AG, the two subsidiaries were already working together on large satellite projects, including the MTG weather satellites for Eumetsat and the German Environmental Mapping and Analysis Program (EnMAP) hyperspectral satellite.
“In this way, we will be able to leverage our own internal skills more effectively and thus operate with heightened efficiency and competitiveness. We will be benefiting from the resultant advantages as much as our customers will be,” said Marco Fuchs, the CEO of OHB AG and OHB System AG. “The merger has been planned very carefully. With the organizational structures now in place, the next task at hand will be to complete the integration process swiftly over the next few months.”