CS Group announces that it has finalized the acquisition of 100% of the capital of HE Space, a specialist in space engineering.

HE Space is ranked as ESA's top supplier in the fields of component engineering, Earth observation, communication and awareness, structures, thermal engineering and environmental testing.

By 2022, the company is expected to have sales of around €28m, up by around 16% on 2021, with EBIT estimated at over 6%.

The new entity will thus have around 800 employees in the space sector, with sales of around €90m, split 50% in France and 50% in Europe (Netherlands, Germany, Spain and the UK).

This acquisition is fully in line with the objectives of our Vision 2024 strategic plan, and in phase with the industrial merger project we are carrying out with Sopra Steria", says Eric Blanc-Garin, CEO of CS Group.

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