Mangata Networks will establish a research and development centre in the capital to develop its satellite-based communication technologies after it received a £3.6 million award from Scottish Enterprise.
An initial 38 jobs will be created by the company as part of a £10.5m investment by the business in Scotland Longer-term, Mangata aims to establish Scotland as the centre of its European operations, which could see “significant” further investment and employment opportunities.
The firm’s chief executive, Brian Holz, said: “Scotland is a unique and spirited country whose culture of inclusion and open-mindedness soundly reverberates with our mission.
“We are impressed by the dedication and professionalism of the Scottish people we meet and by the sense of camaraderie they instil in all that they do. With the skills and available local talent, picking Scotland as our European hub was a natural choice.
“We are having rich ongoing conversations with the Scottish 5G Centre and share a common will to engage with the Scottish public.
“This is just the beginning of a long partnership and we relish the prospect of the wonderful things we will achieve together,” he added.
Scotland’s space sector is said to be rising faster than anywhere else in the UK, aiming to grow in value to £4 billion by 2030. Almost one fifth of all UK jobs in the sector are now based in Scotland.
Mark Hallan, director of global investment, SDI at Scottish Enterprise, said: “Mangata is at the cutting edge of the space and communication sectors and their plans to locate, invest and significantly grow in Scotland with our support are incredibly exciting.
“The company’s decision to open an R&D centre in Edinburgh is yet another vote of confidence in our space industry.
“Despite the difficulties caused by Covid-19, Scotland remains very much open for business and our talented colleagues across the world will continue to highlight why our country remains such an extraordinary proposition to invest in, particularly in priority sectors such as the space industry.”