German Company OHB Technology is to acquire MAN group’s MAN Technologie unit, in partnership with holding company Apollo Capital Partners, as it expands its product portfolio in the space and security sector. MAN Technologie, which generated revenues of around 100 million ($125 million) in 2004, is a supplier for the Ariane 5 rocket and also provides tank systems for the aviation industry. MAN Technologie is to change its name to MT Aerospace.
Source: Flight International