Space technology company Creotech Instruments has announced plans to acquire 118 millions of dollars, which will allow it to open a new factory for the production of satellites in Poland until 2029 year as part of the new long-term development strategy. Creotech Instruments hopes to nearly quadruple production capacity by then 40 satellites per year.
CEO of Creotech Instruments Grzegorz Brona said, that last year the company received revenue from sales in the space sector in the amount 40,4 million dollars and received a net profit for the first time. At the enterprise in Piasecno near Warsaw, where it is produced 10 microsatellites per year, capacities are fully loaded. The company has a portfolio of orders in the space sector worth approx 165,5 millions of dollars. These orders include two projects, where Creotech Instruments is the prime contractor: the Mikroglob optical-electronic Earth observation microsatellite program for the Polish Army and the CAMILA program, commissioned by the Polish government. CAMILA project cost 61 million dollars is aimed at creating a national satellite group for Poland. The company's portfolio also includes Kestrel nanosatellites, Eagle microsatellites and Seagull minisatellites.
Brona noted, that as part of its expansion plans, the company plans to shift from a focus on microsatellites to minisatellites.
The Seagull platform is massive 150 kilograms with a payload in the form of a synthesized aperture radar will be launched into orbit in 2028 year as part of the CAMILA program. A year later, Creotech plans to release the SWAN platform - newer, larger satellites with a mass of 200 to 300 kilograms. And in 2032 the company plans to launch the EMU platform this year, which will support missions with vehicles weighing up to 500 kilograms.
In April 2025 Creotech Instruments joined the group of companies, participating in the initiative to create a hybrid satellite group in the Three Seas region (Baltic, Adriatic and Black seas). Joint initiative of space companies from Croatia, Czech Republic, Greece, Poland, of Slovakia and Slovenia is aimed at significantly increasing Earth observation capabilities thanks to the joint use of satellite resources and the development of compatible ground infrastructure.
Source: https://spacenews.com