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SES ASTRA increases shareholding in ND SatCom to 100%

SES ASTRA, an SES GLOBAL company (Euronext Paris and Luxembourg Stock Exchange: SESG), has announced today that it raises its stake in the satellite communications supplier ND SatCom from 25.1 to 100 per cent by acquiring the 74.9 per cent share from the German-based high-tech group AUGUSTA Technologie AG. SES ASTRA acquires the majority stake for a consideration of EUR 35.6 million. The transaction is subject to the necessary regulatory approvals. The purchase agreement also foresees a contingent additional consideration dependent on the award and value of a significant government contract opportunity. This additional consideration cannot exceed approximately 36 per cent of the definitive purchase price of EUR 35.6 million.

ND SatCom is a leading global supplier of satellite-based broadband network solutions for government customers, broadcasters and enterprises. It is based in Friedrichshafen, Germany, employs 240 people globally, has major regional centers in Abu Dhabi, Beijing and Dallas, Texas, and conducts business in over 130 countries. In 2005, it generated revenues of EUR 80 million of which approximately 70 per cent derived from the government sector.

"Enhancing the government services offering is a key strategic objective of SES", said Ferdinand Kayser, President and Chief Executive Officer (CEO) of SES ASTRA. "The acquisition of ND SatCom allows SES ASTRA to enter the fast growing government sector. As a leader in this sector, ND SatCom is very well positioned and rapidly grows its presence,  mainly in the EMEA region, complementing the strong position of Americom Government Services (AGS) in North America. Through this transaction, we will provide a combined ground and space offering to the government sector and take advantage of the growth potential for our core infrastructure business, in particular the recently acquired New Skies assets."

"The acquisition of ND SatCom by SES ASTRA is a perfect strategic fit for both parties and will provide us with additional development opportunities", said Karl Classen, CEO of ND SatCom. "SES ASTRA has been a strategic investor in ND SatCom for many years and supported the development of the company into a leading international player. ND SatCom will represent a key element in SES ASTRA`s ambitions to increase its presence in the government sector and reinforce SES group`s global government activities."


A brief presentation on the acquisition is available in the Investor Relations section of the SES GLOBAL website: http://www.ses-global.com/ses-global/siteSections/investors/presentations/index.php

 

About SES ASTRA - www.ses-astra.com

The ASTRA Satellite System is the leading Direct-to-Home (DTH) satellite system in Europe, delivering services to some 107 million Direct-to-Home and cable households. The ASTRA satellite fleet currently comprises 13 satellites, transmitting in excess of 1600 analogue and digital television and radio channels as well as multimedia and Internet services. ASTRA's two prime orbital positions for DTH services are 19.2° East and 28.2° East. Professional services such as Direct-to cable (DTC), Satellite Newsgathering (SNG) and Occasional Use are offered from the orbital position of 23.5° East.

SES ASTRA is an SES company (Euronext Paris and Luxembourg Stock Exchange: SESG). SES wholly owns three market-leading satellite operators, SES ASTRA in Europe, SES AMERICOM in the US and New Skies Satellites in the rest of the world. The Company also holds strategic participations in AsiaSat in Asia, Star One in Latin America, SES Sirius in Europe, Ciel in Canada and Quetzsat in Mexico. Americom Government Services provides network solutions and bandwidth to the US government and its contractors. SES provides outstanding satellite communications solutions via a fleet of 43 satellites across the globe. Additional info on SES at: www.ses-global.com.

SES ASTRA had acquired a 10 per cent stake in ND SatCom in 2000 and increased its shareholding to 25.1 per cent in April 2005, with an option to acquire the remaining stake.


About ND SatCom - www.ndsatcom.com

ND SatCom is a leading global supplier of satellite-based broadband VSAT, broadcast and defence communication network and ground station solutions. ND SatCom's innovative technologies are deployed in broadcast & media, enterprise, telecom, government and defence environments worldwide. As a global company with more than 25 years of experience in the satellite networks and systems businesses, ND SatCom is a reliable source of comprehensive and secure turnkey and tailored system engineered solutions. ND SatCom is represented by regional sales and service offices worldwide.

 

For further information please contact:

Markus Payer
SES ASTRA
Tel + 352 710 725 500
markus.payer@ses-astra.com
Lena Trautmann
AUGUSTA Technologie AG
+49 69 24 266 919
trautmann@augusta-ag.de
 

Investors and analysts please contact:

Mark Roberts
SES
+ 352 710 725 490
mark.roberts@ses-global.com
Lena Trautmann
AUGUSTA Technologie AG
+49 69 24 266 919
trautmann@augusta-ag.de
About ND SatCom:

ND SatCom, a subsidiary of Astrium Services, is a leading global supplier of satellite-based broadband VSAT, broadcast and defence communication network and ground station solutions. ND SatCom's innovative technologies are deployed in broadcast & media, enterprise, telecom, government and defence environments worldwide. As a global company with more than 30 years of experience in the satellite networks and systems businesses, ND SatCom is a reliable source of comprehensive and secure turnkey and tailored system engineered solutions. ND SatCom is represented by regional sales and service offices worldwide.

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