Handelsblatt30 minutes agoBusiness1 min readGermany

Merger of space divisions: Airbus, Thales and Leonardo are planning BROMO

European satellite champion is to be created while the real estate market suffers from bankruptcies

Quick Look

The Airbus, Thales and Leonardo companies are planning to merge their space divisions to form BROMO.
The goal is to become a European satellite champion with 6.5 billion euros in sales.
At the same time, the crisis in the real estate sector is causing unrest.

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Why It Matters

The space divisions of Airbus, Thales and Leonardo are planning a merger. At the same time, there are bankruptcies at the real estate developers Pandion and Peters Development.

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The companies Airbus, Thales and Leonardo want to merge their space divisions: The merger called BROMO will create a European satellite champion with 25,000 employees and a turnover of 6.5 billion euros. Airbus, Thales and Leonardo want to officially present their plans to the EU soon. German competitors are worried and are warning about a market giant. Markus Fasse, chief reporter for companies and markets at Handelsblatt, assesses how justified this criticism is and whether BROMO could help make Europe more sovereign in space travel.

Also: After the bankruptcies of the project developers Pandion and Peters Development, there is unrest on the real estate market. Will other developers be affected now? Julian Trauthig, real estate editor at Handelsblatt, explains the situation.

What to Watch

AI outlook — possibilities, not facts

Official submission of the merger plans to the EU.
Likely · Within weeks

Open Questions

How are the EU competition authorities reacting to the merger?
Will there be further bankruptcies in the real estate sector?