From Dealroom · · 40s
Greece bets €35M on ICEYE satellite factory
Greece's state fund invests €35m in ICEYE to build its largest satellite production facility.
In brief
Greece's state fund invests €35m in ICEYE to build its largest satellite production facility. Greece's Hellenic Innovation Fund paid €35m for ICEYE preferred shares to establish its biggest satellite factory in Neo Psychiko. Originally reported by Dealroom.
Greece's state fund invests
Greece's Hellenic Innovation and Infrastructure Fund paid €35 million for preferred shares in ICEYE.
ICEYE expands production
ICEYE will build its largest satellite production base in Neo Psychiko handling assembly, integration, and testing.
230 jobs and 150 satellites
The plant targets up to 150 satellites a year for export and more than 230 highly skilled jobs.
The takeaway
Greece's Hellenic Innovation Fund paid €35m for ICEYE preferred shares to establish its biggest satellite factory in Neo Psychiko.
