# Kongsberg Defence & Aerospace to acquire 77% of NanoAvionics

Kongsberg Defence & Aerospace agreed to acquire 77% of Lithuanian smallsat manufacturer NanoAvionics for an enterprise value of EUR 65 million. Management retains 23%.

- Type: Acquisition
- Announced: 2022-07-05
- Where: Lithuania
- Value: $68.0M (65.0M EUR)
- Status: announced
- Products: small satellites, satellite buses
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Kongsberg Defence & Aerospace](https://endata.com/companies/5342.md) (acquirer)
- [NanoAvionics](https://endata.com/companies/47975.md) (target)

## Sources

- [kongsberg.com](https://www.kongsberg.com/news/news-archive/2022/kongsberg-enters-into-an-agreement-to-acquire-smallsat-manufacturer-nanoavionics/), 2022-07-05: "Kongsberg Defence & Aerospace (KONGSBERG) has entered into an agreement to acquire Lithuanian smallsat mission integrator and bus manufacturer NanoAvionics."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.