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Sitronics Buys Micro and Nanosatellites Manufacturer Sputnix

August 25, 2021, 16:49 (UTC+3)|

Moscow-based microelectronics company Sitronics (part of AFK Sistema holding) acquired 71.06% Sputnix, a manufacturer of satellite technologies and components for small spacecraft, for an undisclosed fee.

The main purpose of the acquisition is to launch digital services and products based on space data from LEO satellites, Sitronics said. This primarily concerns automatic and identification systems in shipping and civil aviation.

The company also does not exclude the possible use of data obtained from satellites for geoanalytics. In addition to increasing the level of its own developments, the company plans to reduce the share of dependence on foreign suppliers of space data.

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Skolkovo-based manufacturer Sputnix was founded in 2011 by Scanex, a satellite monitoring company engaged in the direct reception of data from ERS satellites via its own network of stations. Sputnix’ 2020 revenue was estimated at $1.45 million (108 million rubles), with the company’s net profit being $580,930 (42.9 million rubles).

Original (in Russian)


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