4iG plans to take full ownership of Hungarian space and technology company Remred Zrt. by buying Space Oddity Kft.’s 55% stake. A separate HUF 7.2 billion capital increase by 4iG Space and Defence Technologies Zrt. (4iG SDT) will fund Remred’s international space projects and completion of its Remtech space technology center in Martonvásár.
Under the agreement, 4iG SDT will buy Space Oddity Kft.’s 55% holding, taking the 4iG group’s stake from 45% to 100%. The parties agreed on a “symbolic amount” of HUF 5,000,056 for the shares, according to 4iG’s announcement, also reported by MTI. The deal remains subject to the necessary regulatory approvals and the other closing conditions set out in the sale and purchase agreement.
All funds raised through the capital increase will remain at Remred to finance work including development under the MoonRAD and HUSAT programs.
For MoonRAD, the European Space Agency (ESA) selected Remred to lead an international consortium developing a satellite weighing approximately 300 kilograms. Designed to orbit the Moon, it will handle communications and navigation tasks while monitoring space weather.
Remred is also developing Earth-observation satellites for low Earth orbit with Belgian partner Aerospacelab, one of the main satellite manufacturers for the European Union’s IRIS2 satellite communications system. The Earth-observation satellites will be built at the Remtech center in Martonvásár.
According to the company’s statement, 4iG aims to build on Remred’s engineering expertise to join more satellite-development projects with foreign partners. It also plans to use Remtech’s manufacturing capacity to help deliver international satellite programs.
4iG describes Remred as a key company in its space strategy and says the ownership change will not affect its technical management. István Sárhegyi will remain chairman of Remred’s board. As vice president of 4iG Nyrt., he will also continue to oversee the group’s space strategy and coordinate its international partnerships.
Remtech is expected to open in January 2027. According to 4iG, the facility will allow Remred to manufacture, assemble, integrate and test small satellites at a single location.
