Boston Consulting Group and Novaspace sign strategic collaboration agreement
Boston Consulting Group and Novaspace have signed a strategic collaboration agreement, under which the two consultancies will work closely together on joint projects and thought leadership initiatives.
The partnership brings together one of the world’s leading strategy consulting firms with a highly specialised boutique player that, within its industry, holds a leading position.
Novaspace was established in 2024 following the merger of French firm Euroconsult and German firm SpaceTec Partners. Today, the company has more than 130 professionals across 10 offices worldwide, making it one of the largest consulting firms dedicated to the space sector.
As part of their collaboration, Boston Consulting Group (BCG) and Novaspace will pursue business development opportunities and deliver projects primarily in Europe and the Middle East.
A key area of focus is the Gulf region, where demand for space expertise is particularly strong. Governments in the region are keen to expand their presence in space to advance national priorities, including security, scientific research, connectivity, and technological innovation.
For Gulf governments, space investment is also closely linked to economic diversification beyond oil, fostering high-tech industries and building knowledge economies that attract and retain top talent. A national space presence additionally enhances prestige and supports vital applications such as satellite imaging for environmental monitoring, urban planning, and food and water security.
Meanwhile, BCG and Novaspace have already begun their joint thought leadership efforts, launching their first co-authored report titled ‘Governments in Space’. The study projects that global space spending – both public and private – will rise from $596 billion in 2024 to $944 billion by 2033, with satellite communications and Earth observation expected to be the most promising growth areas.
From collaboration to more?
Reporting by Intelligence Online suggests that the collaboration could serve as the starting point for a deeper relationship, potentially leading to BCG acquiring Novaspace. “Insiders say the preferred partnership agreement signed is the first step to a possible takeover, with parties agreeing to test their compatibility,” states the platform.
Neither Boston Consulting Group nor Novaspace have publicly disclosed further details about the collaboration or its background.
