EADS to Acquire Satellite CompanyPARIS—European Aeronautics Defence
and Space Co. said Monday that it agreed to
buy satellite-services company Vizada from
private-equity fund Apax France for €673
million ($969 million), its fourth acquisition
in recent months.
The takeover, which is subject to
regulatory approval, would fit with EADS's
strategy of expanding its services outside
Europe to reduce the company's dependence
on Airbus, its large aircraft division, which
contributes the bulk of the aerospace group's
revenue and profit.
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