SciSys acquires German space business

Wednesday, 31st October 2012

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The Chippenham-based business said the acquisition of MakaluMedia Internet & Engineering Services GmbH is in line with its growth strategy. The consideration is to be satisfied in cash.

The deal will be completed through SciSys’ subsidiary SciSys Deutschland GmbH. MakaluMedia is to be integrated into SciSys’s space division with operations in the UK and Germany, to be managed by divisional direct Horst Wulf.

SciSys said the acquisition is attractive as it will “substantially expand” the space division’s time and materials business while strengthening its operations.

The company said it will also improve its fixed project delivery capability in Darmstadt and add new clients to its customer base.

MakaluMedia was founded in 1997 and was owned by two engineers formerly working at the European Space Agency. For the year to 31 March 2012, MakaluMedia reported revenue of €3.3m (£2.7m) and pre-tax profit of €452,000 (£364,357).

The owners of the business are no longer involved with the day to day operations and key management and employees are to be retained.

SciSys chairman Mike Love said: “I am pleased that we have concluded the acquisition of MakaluMedia and welcome the employees, clients and stakeholders to SCISYS. The acquisition is in line with our stated strategy to accelerate growth through appropriate acquisitions.

“The MakaluMedia business is well known by Scisys and brings a high level of complementary technical capabilities while broadening the existing SciSys skill set and customer base. The board is encouraged by the pipeline of opportunities in the German space market; we look forward to integrating MakaluMedia and working together to grow our business in this sector.”

SciSys employs about 430 members of staff and has operations in Bristol, Chippenham, Reading and two offices in Germany.

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