GMV Restructures its Space Business in the USA
Madrid, Spain / Rockville, MD (April 10, 2013) - GMV (www.gmv.com), the private, multi-national firm based in Madrid, leading supplier of Commercial satellite ground systems in the world, is restructuring and selling its U.S. Institutional Aerospace business while retaining its Commercial Space business.
As part of this restructuring, GMV has established a new company, GMV Innovating Solutions, Inc. based in Rockville, MD to serve as the new GMV headquarters in the USA. GMV Innovating Solutions, Inc. will carry on GMV's current business activities in the Commercial Space market building on the legacy already established over the past nine years. GMV Innovating Solutions, Inc. will also be home to other GMV business activities in the IT and Transportation markets, already present in the U.S.
The former management team of GMV USA has acquired GMV's business activities in the U.S. Institutional Aerospace market. The resulting entity, named MetiSpace Technologies, Inc. (www.metispace.com), is an independent, woman-owned small business with an exclusive agreement to be the reseller of GMV's products for satellite ground control and mission planning for the U.S. Institutional Aerospace market.
With this operation, GMV will be able to leverage its integrated worldwide resources to better serve the Commercial Space market. This will make GMV even more competitive as it aims to maintain its position as # 1 worldwide provider of satellite ground control systems for Commercial telecom operators.
Classified as a woman-owned small business, MetiSpace Technologies, Inc. will build upon the more than 40 missions supported by GMV USA, providing cost effective and innovative solutions to numerous critical U.S. government missions such as the Tracking and Data Relay Satellites (TDRS), Landsat Data Continuity Mission (LDCM), NASA's Lunar Reconnaissance Orbiter (LRO); and the Geostationary Operational Environmental Satellite -- R Series (GOES-R).
"Since GMV created a wholly owned U.S. subsidiary in 2004, we have experienced a solid growth in both the U.S. Institutional and Commercial Space markets. This step will help us keep growing in all our businesses in North America" said Jesús Serrano, the CEO of GMV worldwide.
"GMV has been a tremendous technology company to have worked with. It is an honor and a privilege to continue on the path that GMV empowered our team to start on nearly a decade ago. We are very excited by the new directions and opportunities that this transaction opens up for us." said Theresa Beech, former GMV USA President and new CEO and President of MetiSpace Technologies.
The strategic partnership between GMV and MetiSpace Technologies, Inc. is expected to strengthen the market position of both companies in the U.S. Institutional Aerospace marketplace.
GMV is the leading supplier of commercial satellite ground systems in the world. 42% percent of the commercial telecommunications satellites launched in the last three years use GMV technology. GMV has been providing satellite ground systems to satellite manufacturers, commercial operators, integrators, and Space Agencies around the world for 30 years. More than 280 space missions have selected GMV technology, and GMV's operational systems are currently installed in 25 countries across six continents. GMV is a privately owned technology business group trading on a worldwide scale in the following sectors: Aerospace, Defense and Security, Transport, Telecommunications and IT for public administration and large corporations. In 2012 it chalked up a revenue of 140 million USD and more than 1,100 employees. The company's growth strategy is based on continual innovation; 10% of its turnover is plowed back into R&D. GMV has achieved the level 5 of the CMMI (Capability Maturity Model Integration), the world's most prestigious business-process improvement model and holds several international patents.
About MetiSpace Technologies:
MetiSpace, Technologies, Inc., founded in 2013, is an innovative and cost effective supplier of mission engineering, ground systems and mission planning and scheduling for satellite missions. American-owned MetiSpace is the exclusive reseller of GMV's products for satellite control and mission planning for the U.S. Institutional Aerospace market. MetiSpace is a private, woman-owned, small business based in Rockville, Md. For more information, contact Laura Van Eperen at [email protected] or (240) 994-7541 or visit www.metispace.com.