|News Update|| |
GMV announces the merger of its UK Company and NSL
GMV Innovating Solutions Limited, the UK aerospace company belonging to the Spanish technology multinational GMV, has signed a merger agreement with Nottingham Scientific Limited (NSL). GMV trades in the aerospace, defense, ICT and intelligent-transportation-systems markets while NSL is UK leader in satellite navigation and critical applications. After the agreement GMV becomes sole shareholder of NSL and sets up the company GMV NSL, to be integrated seamlessly into GMV’s set of companies.
GMV NSL, 80-strong, will be integrated into GMV’s set of companies, which closed 2019 with a staff of 2,176 and a turnover of more than €236 million. Membership of the GMV powerhouse will enable GMV NSL to rise to even greater challenges and tap into the opportunities offered by the UK market, especially the space market, not only in satellite navigation and in critical applications, but also in earth observation, telecommunications and new technologies, with the overarching aim of winning pole position in Britain’s space sector.
The sheer quality of both teams and the like-mindedness of GMV and NSL on company values, heritage, technological excellence and client satisfaction were all deal clinchers in this merger agreement.