CS Group completes MOLTEK Consultants acquisition in the Space Industry

Le Plessis Robinson – 28 February 2019 – CS Group has completed the acquisition of 100% of MOLTEK Consultants Ltd today. MOLTEK, created in 1995, is an international technology and consulting organisation providing knowledge and resources in core skills to organisations within the Space Industry. In 2018, MOLTEK posted sales of around € 3.5 million with nearly 30 consultants.

As a designer, integrator and operator of mission-critical systems, CS is an established international player in the field of systems and services for space missions and applications. Space activities represent 20% of CS Group revenues. MOLTEK reinforces the European positions of CS Group, especially in space engineering in Germany & the Netherlands.

As part of its strategic Plan Ambition 2021, CS Group targets to be within the top 3 European IT service providers in the Space Industry with 3 key competencies:

  • Ground Segments: Control, Mission, Payload Data Software Systems & Solutions,
  • Space applications: Geoinformation, multi-cloud data exploitation platforms,
  • Space Engineering: on-board software engineering, satellite modelling, simulation and tests.

MOLTEK is an ideal complement, which allows CS to strengthen its positions and to deliver comprehensive services to its key clients, including European Space Agency and EUMETSAT. MOLTEK experts will benefit from wider opportunities created by being part of CS Group, an organisation of 2000 people, with leading market positions and complementary expertise.
 


About MOLTEK Consultants Ltd:

MOLTEK is an international technology and consulting organisation providing knowledge and resources in core skills to organisations within the Space, Defence, Aviation, Air traffic Management. MOLTEK was formed in 1995, specifically to provide dedicated and focused consulting services. MOLTEK services include consulting services, contract services, permanent recruitment, operations, facilities management and training. MOLTEK revenues are about 3.5 M€, with close to 30 Consultants staff on its payroll. www.moltek.com

About CS Group:
CS is a major actor in the design, integration and operation of mission critical systems in Defense & Security, Space, Aeronautics and Energy sectors. CS is listed on the Euronext Paris stock markets – Compartment C (Shares: Euroclear 7896 / ISIN FR 0007317813). 
www.c-s.fr
 

Press relations
Barbara GOARANT
+33 (0)1 41 28 46 94
Investors contact
Nicolas DUCHEMIN
+33 (0)1 41 28 44 44
 



Source: CS Group News