SolAero Technologies acquires Vanguard Space Technologies

SolAero Technologies

Satellite solar power and structural solutions provider SolAero Technologies has acquired San Diego, California based aerospace structural products and assemblies provider, Vanguard Space Technologies.

Vanguard has a proven history of delivering satellite structural components and assemblies for commercial, defense, and civil satellites to customers around the world.

Vanguard has been acquired as a wholly-owned subsidiary of SolAero, but will be operated under the Alliance Space systems brand name. While the acquisition of Vanguard offers key synergy opportunities for the company, no near-term changes to any of the companies’ operations are planned as a result of the transaction.

We are delighted to add Vanguard to the SolAero family. This acquisition combines highly complementary core businesses to create a stronger company that will drive value for our worldwide customer base,” said Brad Clevenger, CEO of SolAero. “We look forward to continuing to bring innovative and cost-effective solutions to all of our customers across all lines of business.”

Vanguard is pleased to be joining the SolAero team. We have established a great working relationship over the years working on joint projects. This acquisition will consolidate the capabilities and resources of Alliance and Vanguard, and Vanguard’s extensive engineering heritage will enhance SolAero’s portfolio of products and services to the space structures industry,” said Frank Belknap, CEO of Vanguard.

"Want to be featured here or have news to share? Write to info[at]saurenergy.com
      SUBSCRIBE NEWS LETTER
Scroll