Overview
- The takeover is set for the turn of the year, reversing a planned shutdown of the Vogtland site.
- OHB plans to produce printed circuit boards, cable harnesses and connectors for satellites at the facility.
- All roughly 57 current employees will be offered positions, securing more than 50 local jobs.
- The purchase price was not disclosed after both parties agreed to confidentiality.
- Saxony leaders welcomed the decision, which follows Technisat’s earlier plan to relocate production to Poland due to high energy and labor costs.