Noordwijk, 24 September 2018 – today, Sapienza Consulting Holding BV, the holding company of the Sapienza Consulting Group, has signed a Head of Terms for the acquisition of MOLTEK Consultants Ltd’s shares, and has entered a due diligence process.
Andrea Bennetti, Group Commercial Director of Sapienza Consulting said:
We have known MOLTEK for a long time as a competitor and partner, and we truly respect and admire their long-established brand, which is synonymous with strong expertise in Space Engineering both in ESA and EUMETSAT. For this reason, we chose MOLTEK as a main subcontractor for the tender we won in 2017 for the Competitive Frame Contract for Industrial Support to ESA Directorates. This acquisition is at the centre of our strategy to strengthen the Sapienza Group position in the European Space sector with competences in Earth Observation, Satellite Operations and Ground Segment.
We will now enter a due diligence period with a goal to successfully close the acquisition on 31 December 2018. It is our intention to keep the MOLTEK brand and its operation mostly unaltered. The responsibility for the leadership of MOLTEK will be kept within the Sapienza Group, and Sapienza will appoint one of its experienced Directors to manage MOLTEK’s operations. We look forward to supporting MOLTEK’s organisation with Sapienza assets and shared services, to benefit staff and clients in all the locations where MOLTEK is currently present. We have a strong desire to foster growth and invest in innovation in the MOLTEK services and products for the Space and Defence sector. We will make further public announcements as appropriate before or on the due date for completion.
George Sekulla, Managing Director of MOLTEK, made the following statement:
Having collaborated and competed with Sapienza over many years, we found our organisations to have similar values, culture and business ethic. A union of our skills and resources with Sapienza will enable MOLTEK to provide a more comprehensive service to our key clients in the face of strong competition from other large international organisations.
MOLTEK’s philosophy has always been to encourage and develop our people, who have been the engine of growth over the last 23 years. Our clients are increasingly outsourcing responsibilities to their suppliers, and we are responding to this need by offering a greater portfolio of capabilities and resources, while still maintaining a dynamic and reliable service.
The shared values and people orientation of both MOLTEK and Sapienza will provide wider opportunities for our staff to develop their careers and continue enhancing their skills. We are looking forward to working together with Sapienza and we will make further announcements as more details are agreed.
About Sapienza Consulting Group:
A leading European provider of Workforce Solutions Services and Technologies to demanding clients, in high-tech, high-reliability, and critical sectors such as Space, Defence and Security
Our Workforce Solutions Services offer unique value to (inter)national organisations, space, defence and security concerned companies. We have a rich and diversified Workforce Solutions Service portfolio that flexibly meets our clients’ needs for temporary and long-term support consultants (with or without Security Clearance) and services offered on Work Package and Project basis.
For Sapienza Media information contact:
Sapienza Consulting Group
Space Business Park
About MOLTEK Consultants Ltd:
MOLTEK is an international technology and consultancy organisation providing knowledge and resources in core skills to organisations within the Space, Defence, Aviation, Air traffic Management, Financial Service and Manufacturing industries.
MOLTEK was formed in 1995, specifically to provide dedicated and focused consultancy. MOLTEK now has offices and subsidiaries in several countries, including the United Kingdom and the United States. Our services include consultancy, contract services, permanent recruitment, operations, facilities management and training.
For MOLTEK Consultants Ltd Media Information Contact
The Business Centre
Kent, TN12 8JS