PARIS, June 29, 2026 – Proskauer advised The Exploration Company, a European aerospace company specializing in the development of reusable spacecraft, on its acquisition of European Astrotech Limited (EAL), a UK-based company specializing in space propulsion services, propellant chemistry, and launch site fueling operations.
Founded in 2007 and headquartered at Westcott Venture Park in the United Kingdom, EAL supports dozens of institutional, commercial, and scientific missions, providing propulsion and fueling services. Its work spans propellant compatibility analysis, fueling campaign execution, launch site operations, and propulsion qualification support. EAL will continue to operate as an individual entity, and will continue to serve institutional and commercial customers across the space sector. EAL’s leadership team, existing contracts, service obligations, and operational agreements with customers will remain in place.
Born out of an existing partnership to support propulsion systems for TEC’s Nyx capsule, the acquisition comes as the growth of the space sector is placing increasing demands on experienced, repeatable execution across propulsion and launch readiness.
The acquisition strengthens TEC’s commitment to the UK, and further expands its industrial footprint. EAL and TEC plan on building additional test benches at EAL’s Westcott facilities, supporting Nyx propulsion development.
The Proskauer team was led by partners Hélène Parent and Adam Creed and associates Katie Bunce and Charlie Thompson (Private Equity M&A). The team also included partner Richard Miller and associate Emma McDonnell (Tax); associates Antonia George and Annet Matebwe (Finance); special counsel Nicola Bartholomew (International Labor & Employment); associate Joseph Saggese (Intellectual Property); and associate Benjamin Peacock (Real Estate).
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