16:36 27 February 2025
Satrev signed a Term Sheet agreement with ECL SA
Polish space technology company SatRev has signed a Term Sheet agreement with ECL S.A., marking a key step towards listing on NewConnect. The agreement outlines a merger through acquisition, with SatRev's assets transferred to ECL in exchange for shares. The merger plan is expected to be finalized by September 30, 2025, with the combined entity operating as SatRev S.A.
SatRev, founded in 2016, specializes in nano- and microsatellites and has successfully launched 12 satellites. It collaborates with global partners, including ESA, Australia, Oman, and South Korea. In November 2024, it announced plans for a billion-złoty holding integrating satellite and drone technology. The company is strengthening its role as a European space industry leader, preparing for further expansion.
