The defense division of technology group 4iG is now taking full ownership of Remred Zrt. 4iG SDT Zrt. is increasing its stake in the space and technology company Remred Zrt. from 45% to 100%.
The shares were previously held by Space Oddity Kft. 4iG SDT Zrt. is paying HUF 5 million (EUR 14,000) for them and is combining the acquisition with a capital increase of HUF 7.2 billion (EUR 20 million). The money will go toward Remred’s international space programs and the completion of the company’s new space technology center in Martonvásár. The fresh capital will also be used, among other things, to continue the projects already under way: MoonRAD, commissioned by ESA, and HUSAT.