Law firm Osborne Clarke has advised Telespazio UK, on its acquisition of leading UK independent space systems engineering and consultancy group e2E Group.
The international firm, which has its headquarters in Finzels Reach, Bristol, advised Telespazio UK, a subsidiary of Telespazio, which is a joint between Leonardo, 67%, and Thales, 33%. Telespazio UK has a track record of success delivering systems, services and engineering support to the European Space Agency (ESA), European Centre for Medium-Range Weather Forecasts (ECMWF), space primes, and national civil and defence customers.
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e2E Group is a leading UK independent space systems engineering and consultancy group which provide technical support and expertise. The addition of deep satellite communications engineering expertise from e2E provides Telespazio UK with enhanced capability in the delivery of space-enabled services.
Mark Hewer, Telespazio UK chief executive said: "Damocles and the broader team were invaluable, they brought insight into the key areas and trends that were core to making this deal a success. It was incredibly reassuring to be guided and advised by such a great team and firm."
Telespazio UK was advised by Osborne Clarke’s defence, security and aerospace team, led by corporate partner Damocles Merry who was supported by Rebecca Ewing, Adam Turner, Olivier Jacquelin and Shauna Poole. They are all based in the firm’s Bristol office.
Mr Merry added: "The space sector is really reaching a maturity where we are not only seeing increased activity for our venture capital practice but also an increase in the number of M&A mandates.'"
