COBALT advised Kongsberg on its acquisition of NanoAvionics

COBALT advised the Norwegian technology company Kongsberg Defense & Aerospace (Kongsberg) on ​​the acquisition of the Lithuanian small satellite manufacturer NanoAvionics.

NanoAvionics is a leading smallsat mission integrator and bus manufacturer with significant global growth in recent years, including expansions into the United Kingdom and the United States.

Kongsberg will acquire in total 77 per cent of the company. “By acquiring NanoAvionics Kongsberg expands its portfolio to also have products and technology for designing and manufacturing small satellites”, says Geir Håøy, CEO of Kongsberg.

The project team who advised the client consisted of Managing Partner Dr Irmantas Norkus, Partner Dr Juozas Rimas, Senior Associate Žygintas Voronavičius and Senior Associate Manvydas Borusas.