SES and its subsidiary SES Government Solutions (SES GS) have received regulatory approvals and closed a transaction with purchase DRS Global Enterprise Solutions (GES).
DRS GES used to belong LeonardoA subsidiary of Leonardo DRS in the USA.
The acquisition, valued at $450 million, will combine the DRS GES business with SES GS.
The combined business is slated to operate as SES Government Solutions and is expected to generate $25 million in annual synergies.
SES GS President and CEO David Fields said, “The breadth of our capabilities, which now span both connectivity and integration, enable us to build, manage and support the most advanced satellite network solutions for our US government customers.”
With a multi-functional workforce, the new entity will be able to integrate multi-orbital, geostationary and medium-orbit (MEO) services, as well as multi-operator network solutions.
The new business will focus on developing a scalable solutions provider to meet the US government’s multi-orbit satellite communications needs and support other land, sea and air missions.
SES GS will also provide flexible second-generation MEO services to its government customers through SES’s O3b mPOWER system.
The business will also leverage its expertise in cyber security operations, customer support and governance to meet the diverse needs of its customers.
The SES GS Proxy Board has appointed David Fields of DRS GES as head of the combined business.
Chairman of the SES GS Proxy Board, US Army Brigadier General (retired), Billy Bingham, said: “I am very excited about the potential this combination unlocks, furthering our commitment to providing best-in-class satellite network solutions to US DoD customers.
“We are pleased to welcome Fields, who comes to SES GS with extensive knowledge and experience in satellite communications and a demonstrated track record in the US government sector.”
https://www.army-technology.com/news/ses-acquires-drs-global-enterprise-solutions-450m/ SES acquires DRS Global Enterprise Solutions for $450 million