corporate
Cresco is pleased to have advised PMV in the successful EUR 10 million investment in Space Applications Services NV/SA. This funding will enable Space Applications Services NV/SA to further expand its role in the European space and defence sector.
Space Applications Services NV/SA has been active in developing space technology for almost 40 years, which includes its work in the International Space Station whereby through to use of its ICE Cubes companies and research facilities can easily access space to conduct microgravity experiments. In addition, the company deploys its accumulated knowledge and technology for applications in defence and security, including but not limited to robotics, autonomous systems, and mission control software.
Space Applications Services NV/SA recently made headlines in the international press when it was announced that its lunar rover, LUVMI-M, will be the first Belgian rover to drive on the Moon.
The Cresco team, led by Glenn L’hoëst, consisted of Bas Stobbelaar, Ward Verwaeren and Axel Desmet.
We extend our thanks to PMV, and more specifically Peter Vos, Dany Vandevelde and Timon Terrens for their pleasant collaboration in this process and their trust in Cresco.
Special congratulations to Space Applications Services NV/SA and its entire team for the successful investment!
Read more about this deal here: https://www.pmv.eu/nieuws-item/eerste-defensie-investering-van-pmv/
In case of any questions or further enquiries, please contact Glenn L’hoëst.
