Astrium Services Renamed Airbus Defence and Space
Astrium Services, the global innovative provider of satellite enabled solutions, has announced that it will operate with immediate effect under its new name Airbus Defence and Space, a division of Airbus Group. The change from Astrium Services to the new Airbus Defence and Space is part of a rebranding throughout the wider EADS organization. Earlier this year, EADS became Airbus Group, with three distinct divisions: Airbus, Airbus Defence and Space, and Airbus Helicopters. The entire Astrium Services portfolio of satellite communications and geo information services will continue under the newly created Communication, Intelligence & Security (CIS) business line of Airbus Defence and Space.
Astrium Completes Acquisition of Vizada
Astrium completes the acquisition of Vizada after receiving the necessary regulatory approvals. Vizada is a leading independent provider of global satellite communications services and will be integrated into Astrium Services. This acquisition represents a total consideration of € 673 million and contributes to EADS' strategic Vision 2020. “We are happy to welcome Vizada into the EADS Group, which concludes a successful year for us in terms of acquisitions”, said Marwan Lahoud, Head of EADS Corporate Strategy and Marketing Organisation. According to Eric Béranger, CEO of Astrium Services: “Combining the skills and capabilities of everyone in Vizada and Astrium Services creates a world leading provider of satellite services.
