Aerospace company takes over TechniSat plant in Vogtland

The plant of the German electronics manufacturer Technisat in Schöneck, Vogtland, which is threatened with closure, has a new investor. The Bremen-based space and technology group OHB will take over the plant. This was confirmed by a spokesperson for the company to the German Press Agency. The "Freie Presse" had previously reported this. However, the future owner has not disclosed the number of employees at the site. The media had reported that all 70 employees at the site would be taken on. The Rhineland-Palatinate-based company Technisat, which previously manufactured radios at the plant in Vogtland, also declined to comment on the takeover when asked.

According to the designated owner OHB, Saxony's Minister President Michael Kretschmer (CDU) and Saxony's Economics Minister Dirk Panter (SPD) are also expected to attend a press conference on the subject planned for next Friday. Technisat announced in July that it intended to close the plant it had built in Vogtland in 1992. The company justified the move with high energy and rising personnel costs as well as "complex regulatory requirements". These framework conditions made it difficult for medium-sized companies in particular to maintain production sites in Germany economically.