D-Orbit acquires Planetek in a strategic business combination to enhance capabilities in cloud-based space applications and real-time data services while maintaining operational autonomy.

Target Information

D-Orbit and Planetek have recently entered into a strategic business combination, with D-Orbit acquiring 100% of Planetek’s shares. This acquisition allows Planetek's shareholders to join D-Orbit's shareholder base while retaining operational autonomy for both companies. This structure is designed to ensure business continuity while fostering collaboration and innovation between the two entities.

The integration of the two companies brings together advanced capabilities in cloud-based space applications, AI-driven data processing in orbit, and real-time data services. This combined expertise will enable them to offer comprehensive solutions in in-orbit servicing and big data management in space, catering to a diverse clientele ranging from government and commercial sectors to environmental initiatives.

Industry Overview in Greece

The space industry in Greece has been gaining momentum, particularly with the increasing involvement of local companies in European and international space initiatives. The strategic union of D-Orbit an