Euroconsult and SpaceTec Partners merge to form Novaspace

Two prominent players in the space consulting landscape, Euroconsult and SpaceTec Partners, have merged to form Novaspace.

With over 130 professionals located across 10 offices worldwide, Novaspace is one of the largest consulting firms dedicated to the space industry.

Alongside management consulting services, Novaspace also supports clients with technology consulting, market intelligence, capability development, and hosts a number of flagship executive summits.

Paris-headquartered Euroconsult has a 40-year legacy in management consulting, market intelligence, and executive summits (including the annual World Space Business Week in Paris). The firm has offices in France, Canada, Japan, Singapore, Australia, and the United States.

SpaceTec Partners, which has offices in Brussels and Munich, specialises in management and technology consulting services around areas such as earth observation, navigation, satellite communications, exploration, situational awareness, and geo-information. The firm serves organisations in the government, security & defence, transportation & aviation, mobility, and energy sectors.

Terms and financial details of the deal have not been disclosed. The groups have confirmed that Novaspace will remain privately owned and fully independent.

Commenting on the deal, Pacôme Révillon, CEO of Euroconsult and now CEO of Novaspace, said: “This merger marks a significant milestone in our journey. By combining Euroconsult’s strategic vision with SpaceTec Partners’ management consulting heritage, we have a unique value proposition for the space sector.”

Rainer Horn, Carla Filotico and Thomas Tanghe, Partners and Managing Directors of SpaceTec Partners and now of Novaspace, stated: “Joining forces with Euroconsult opens new horizons for us. Together, we are set to offer unparalleled value to our clients, merging strategic consulting with technical acumen and embracing innovative tools for stakeholder engagement, ensuring a comprehensive and forward-thinking approach.”

The deal comes two years after US-based rival market research and consulting firm Northern Sky Research was acquired by Analysys Mason, a UK-based management consultancy focused on telecoms, media, and technology.