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Tavernier Tschanz advised ClearSpace in its partnership deal with Omega

Tavernier Tschanz advised ClearSpace in its partnership deal with Omega

Deals and Cases

ClearSpace SA is developing technologies to capture and deorbit obsolete objects threatening space operations and provides in-orbit services to support institutions and commercial operators to accomplish their space sustainability. In 2020, ClearSpace SA signed a EUR 86M service contract with the European Space Agency (ESA) for the first space debris removal mission in 2025.

Omega SA, the manufacturer of the first watch worn on the Moon, has joined ClearSpace SA as first partner of ClearSpace’s upcoming space debris removal mission.

According to Omega CEO Raynald Aeschlimann, “The ClearSpace initiative is one of the most important, inspiring and exciting projects since the launch of the Apollo missions.” He called the partnership the “next logical step for a brand with a long history of space exploration and preservation of the Earth.”

Tavernier Tschanz advised ClearSpace SA in this transaction.

The team was led by Jacques Bonvin.

January 2022