PARIS — French diversified mission-management solutions provider Nexeya, which is the planned prime contractor for the 20-satellite Kineis M2M/IoT constellation, is selling most of its non-space business to focus on its cubesat product line.

In a clear signal of Nexeya’s belief in the smallsat market — despite what industry officials said is the continued difficulty of Nexeya to close its financial round of 100 million euros ($114 million) — Nexeya has agreed to sell its transport and energy business to sensor-solutions provider Hensoldt.

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