GMV Furthers International Expansion with New German Subsidiary
New European Foothold To Grow Business and Consolidate Technology Sectors
Rockville, Md. – GMV (www.gmv.com), a private, multinational firm headquartered in Madrid with its North American headquarters in Rockville, Md., has continued its plans of international expansion by opening a subsidiary in Darmstadt, Germany.
GMV’s relations with Germany date back to 1984, when the company won its first contract with the European Space Agency’s Operations Center (ESOC) in Darmstadt. The initial work led to several new projects with ESOC and the European Organization for the Exploitation of Meteorological Satellites (EUMETSAT)–the two main space institutions in Darmstadt. The importance and scale of these projects prompted GMV to post some of its most skilled personnel to Germany to oversee the activities being carried out there.
“The German subsidiary will not only enhance GMV’s relationships with ESOC and EUMETSAT, but also provide insight into other opportunities in the technology sectors where we specialize,” said Theresa Beech, general manager and vice president of business development for GMV. “It’s an exciting step forward with our expansion goals.”
GMV works in technologically advanced markets worldwide, and is a leader in sectors ranging from space to intelligent transportation systems, security and information and communication technologies (ICTs). The company has set up subsidiaries abroad in Poland, Portugal and the United States and runs commercial offices in Malaysia and the Korean Republic.
With a 24-year track record in Germany, GMV has become ESOC’s number one contractor in mission analysis, flight dynamics, navigation and mission control systems. GMV is also one of EUMETSAT’s top suppliers in flight dynamics systems, mission control, mission planning and data processing. GMV has also built up key skills and become an important supplier for ESOC and Eumetsat in other areas such as operations, simulation systems, ground segment software and space debris.
Germany as a nation is highly technological–home to 82 million people with the highest per capital incomes in the world and an open economy. It is the world’s second largest importer and accounts for 8 percent of world trade.
About GMV
GMV is a privately owned technology business group with a strong presence around the world. Founded in 1984, GMV offers its solutions, services and products in very diverse sectors: Aeronautics, Banking and Finances, Space, Defense, Health, Security, Transportation, Telecommunications, and Information Technology. GMV is one of the leading global suppliers of satellite ground systems, the third largest supplier to the European Satellite Navigation System Galileo, and is deeply involved in developing new and innovative applications of satellite navigation technology. GMV provides a variety of space technology-based products, solutions, and services to meet the needs of the constantly developing global market. GMV’s U.S. headquarters are in Rockville, Md. and its European headquarters are in Madrid, Spain. More information about GMV and its products can be found at www.gmv.com.
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