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Analysis: Astrium’s Vizada acquisition is now bearing revenue fruit

5 Mar 2013, 14:34 UTC
Analysis: Astrium’s Vizada acquisition is now bearing revenue fruit
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Some years ago, satellite and launch vehicle maker Astrium made the correct analysis that its satellite services clients were making more revenues and profits than they were. Apart its decision to get involved in providing military communicaitons on a commercial basis via its Paradigm operation (now part of Astrium Services) its decision to buy the communicaions and service provider Vizada has further benefited its revenues and profits. In late January Astrium reported that it was due to its 2011 acquisition of Vizada that its revenues risen rapidly with a16.9% increase in revenue for 2012 to €5.8 billion ($7.8 billion) compared to the previous year.

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