German space technology company OHB is seeking to raise up to €510.7 million through a share offering to support the expansion of its manufacturing capacity and fund investments in launch systems, acquisitions and future space projects.
The company said it plans to issue approximately 1.7 million new shares priced at €300 each, with proceeds primarily earmarked for increasing production as demand for European space capabilities grows.
Majority of Share Offering Completed
OHB announced the capital raise on June 22, offering the shares at a price that represented a discount to the previous trading day’s closing price of €405.50.
By June 24, the company had sold approximately 1.6 million shares, generating around €482 million. The remaining 97,000 shares are being offered to existing minority shareholders, which could increase the total proceeds to the targeted €510.7 million. The second phase of the offering is expected to conclude by July 8.
Funding to Support Growth Strategy
The company said the new capital will primarily be used to expand industrial production capacity, while also supporting acquisitions, launch vehicle programs and future space infrastructure initiatives.
OHB is active across several areas of the European space sector. In addition to manufacturing satellites, the company participates in launch vehicle development through its subsidiary MT Aerospace, a supplier for the Ariane 6 rocket, and through its investment in Rocket Factory Augsburg.
The company is also involved in future space infrastructure projects, including the European Moonport Company and Dassault’s VORTEX spaceplane initiative.
A capital markets presentation released earlier this year indicated that the largest share of the funding would be directed toward industrial expansion, followed by mergers and acquisitions, launch vehicle investments and future strategic programs.
CEO Highlights Investor Interest
Chief Executive Officer Marco Fuchs said demand for the share offering reflected confidence in OHB’s position within Europe’s growing space industry.
“The very strong interest from a diverse set of investors, including domestic investors, thematic sector funds, and blue-chip global funds alike, confirms that OHB is at the center of Europe’s booming space industry.”
He added:
“With this reinforcement of our financial base, we are ideally positioned for the next phase of sustained growth for OHB.”
Existing Shareholder Reduces Stake
Alongside the capital raise, KKR-backed Orchid Lux HoldCo sold up to 1.39 million existing OHB shares, representing about one-quarter of its holding.
The transaction is expected to generate approximately €418 million while reducing Orchid Lux’s ownership to around 20%.
Despite the additional institutional investors entering the shareholder register, the Fuchs family will retain control of the company with an ownership stake exceeding 60%.
