Acquired a space research company by 4iG

4iG is acquiring a 55% stake in the Hungarian space company Remred Zrt. for approximately 5 billion HUF, increasing its ownership to 100%. Remred is involved in the MoonRAD program, developing a satellite for the European Space Agency. The company also plans to create Earth observation satellites at the upcoming Remtech space technology center in Martonvásár, set to open in January 2027. 4iG will inject 7.2 billion HUF to support Remred's international space projects and the completion of the Remtech center, aiming for collaboration in satellite development with foreign partners.

Fact-check this story: paste the text or link into Justifact and get a verdict with the sources consulted.