Space company OHB to build satellite parts in Saxony in future

The space technology company OHB is expanding and will produce components for satellites in Saxony in future. To this end, the Bremen-based company is taking over the plant of electronics manufacturer Technisat in Schöneck in the Vogtland region. The purchase price has not been disclosed, said OHB CEO Marco Fuchs. The aim is to make an offer to all existing employees. Parts such as circuit boards and cable harnesses would be manufactured at the new site.

Kretschmer: "great signal"

Technisat announced in the summer that it would be closing its plant with 70 employees in Vogtland and relocating production to Poland. The takeover by OHB is a "great signal", said Saxony's Minister President Michael Kretschmer (CDU). The people here had always proven their ability to change. The plant once started out as a cigar factory, later building musical instruments and, since the early 1990s, electronics such as radios - and occasionally masks during the coronavirus pandemic.

OHB is a listed company with around 3,500 employees, mainly at its sites in Bremen and Oberpfaffenhofen near Munich. They build satellites for navigation and telecommunications, reconnaissance and weather observation, as well as components for launch vehicles. In 2024, the Group achieved a turnover of just over 1 billion euros, but posted a pre-tax loss of 820,000 euros.