PMV backs Space Applications Services with €10M in first defence deal
What's the deal? Flemish investment firm PMVDealroom has a profile for this one. Try Dealroom → has committed €10 million to Space Applications ServicesDealroom has a profile for this one. Try Dealroom →, a Zaventem-based space and defence technology company. It is PMV's first defence investment, made ahead of a dedicated defence fund the firm is still setting up.
Why now? The deal lands while PMV's planned defence fund remains in formation, so the money comes from its own balance sheet. It puts into practice Flanders' plan to mobilise up to €1 billion for strategic defence and dual-use businesses.
What's the endgame? Space Applications Services has built space technology for nearly 40 years, with its most visible work aboard the International Space Station. Several of those capabilities carry security uses, including maritime mine countermeasures and systems coordinating multiple drones. The funding is intended to help the company develop and scale them.
By the numbers: At €10 million, the round sits in the top 1% of all grant deals recorded in Belgian robotics, measured against 1,472 comparable rounds.
The signal: This is less a standalone round than an early sign that PMV is beginning to channel public capital into the region's defence-tech ecosystem. Regional innovation grants already back projects such as underwater drones and autonomous navigation, pointing to a broader Flemish push into dual-use technology.
Read more: lecho.be
Image credit: Space Applications Services
