Bremen, May 23, 2016. Space and technology group OHB SE (Prime Standard, ISIN DE0005936124) has established a new subsidiary known as OHB Venture Capital GmbH. The new subsidiary has its registered offices at OHB’s new site in Weßling near Munich.
Describing the new company, Marco Fuchs, CEO of OHB SE explains: “Space business and funding for it are undergoing rapid change at the moment. Everyone is talking about “new space” and OHB would like to be at the vanguard here, encouraging and overseeing promising ideas from the outset.”
Looking forward, innovation spending previously handled directly by OHB companies is to be pooled under the roof of OHB Venture Capital GmbH, which has been created for this purpose.
“Obviously, we will be focusing on those areas which stand to be of particular benefit for the Group,” says Jochen Harms, managing director of OHB Venture Capital GmbH. The new OHB subsidiary will be particularly investing in the early phase of companies active in technologies and services closely related to space.
OHB Venture Capital GmbH will be operating as a corporate venture company, primarily investing in enterprises which can be integrated within the OHB Group at a later date. To this end, it will be seeking a majority interest and bringing on board other venture capital companies and particularly investors able to add value to the investment.
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OHB Venture Capital GmbH
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