4iG buys out Remred for nominal $15.2K, adds $19.8M injection
What's the deal? 4iG Space and DefenceDealroom has a profile for this one. Try Dealroom → agreed to acquire Space OddityDealroom has a profile for this one. Try Dealroom →'s 55% stake in Hungarian space technology firm RemredDealroom has a profile for this one. Try Dealroom →, lifting the 4iG Group's ownership from 45% to 100%. The parties set a nominal purchase price of 5,000,056 HUF (about $15,200). Alongside the buyout, 4iG will inject HUF 7.2 billion (€19.8 million) into Remred via a capital increase.
What's the endgame? The injected funds stay within Remred to finance work under the MoonRAD and HUSAT programmes and to complete its space technology centre in Martonvásár. The HUSAT programme plans one geostationary communications satellite and eight Earth-observation satellites.
Why now? The European Space AgencyDealroom has a profile for this one. Try Dealroom → has selected Remred to lead an international consortium on MoonRAD, developing a roughly 300kg satellite for lunar-orbit communications, navigation, and space-weather monitoring. The deal gives 4iG full control over a company central to its space strategy. Remred is also building Earth-observation satellites with Belgium's Aerospacelab, a manufacturer tied to the EU's IRIS2 programme.
The Martonvásár facility, expected to open in January 2027, will let Remred manufacture, assemble, integrate, and test small satellites at one site. Remred's management stays unchanged: István Sárhegyi remains chairman and, as deputy chairman of 4iG Plc.Dealroom has a profile for this one. Try Dealroom →, keeps responsibility for the group's space strategy.
By the numbers: 4iG's consolidated net revenue rose 16.7% year-on-year to HUF 409.4 billion in the first half. Net profit after tax reached HUF 21.9 billion, reversing a HUF 1.15 billion loss a year earlier — giving the group firmer footing to fund its space push.
What could go wrong? The acquisition still needs regulatory approvals and other conditions set in the share purchase agreement. Its payoff hinges on finishing the facility and turning announced programmes into delivered satellites.
The signal: The tiny headline price underscores that this is a consolidation-and-funding step, not a conventional buyout. Paired with 4iG's agreements with Northrop Grumman and US manufacturer Apex TechnologyDealroom has a profile for this one. Try Dealroom →, it shows Hungary building sovereign satellite capacity while leaning on international partners.
Read more: hungarytoday.hu
Image credit: Generated with Gemini
