12 Industry Groups
Defence, Space & Cybersecurity
Want to know more?
Download here the latest Industry Reports, opinions, and whitepapers.
The Defence, Space & Cybersecurity industry group report is available.
Defence, Space & Cybersecurity
The Defence, Space & Cybersecurity experts cover a broad spectrum of industries operating in defence systems, security solutions, and aerospace technologies. This coverage also extends to businesses driving innovation in national security, space exploration, and advanced technologies that strengthen resilience, protection, and sustainable global development.
Our market view
At the crossroads of geopolitics and technology, defence, space, and cybersecurity are reshaping the global landscape. In this fast-moving sector, M&A is more than growth—it is about securing relevance, resilience, and innovation. MAWW unites seasoned dealmakers with industry experts to deliver trusted, high-precision solutions where they matter most.
Market Outlook
8–10% annual M&A growth expected in Defense, Space & Cybersecurity (2025)
250+ transactions projected, led by mid-market deals
Space infrastructure +18% investment surge (satellites & launch tech)
Cybersecurity +12% growth, driven by rising threats and innovation
Sector hotspots: defense electronics, satellites, space systems
Strong valuations sustained, with private equity deploying record capital
Latest Transactions
Team
Neil Mitchell
Matthias Puschnig
Niels Buus
Bertrand Dufay
Giovanni Galeazzi
Niklas Uddstrom
Partner
Neil Mitchell
Chartered Accountant. Joined Rickitt Mitchell in 2004, after four years at PwC and previously at GlaxoSmithKline. Advised on deals from £10m to £150m. Significant experience in buy-side, sell-side, private equity, and IPO mandates across many sectors.
Industry experience:
Aerospace & defence; Beverages; Building & Construction; Engineering; Financial services; Food; Healthcare; Life sciences; Textile & clothing; Transport & logistics.
Co-leader in the Healthcare and Aerospace, Defence & Cybersecurity Industry Groups.
Senior Advisor
Matthias Puschnig
Matthias Puschnig has more than 30 years of experience as a consultant, CEO and entrepreneur in the IT industry and in the service of the federal government. He has held several management positions at medium-sized IT companies and has been involved in start-ups and related M&A cases.
At the Federal Ministry of Defence, he was primarily responsible for multinational military policy tasks in connection with NATO and the EU and is now a member of the management team of the Special Task Force Ukraine. He is our expert for the defence and IT industries. Matthias has worked in several countries in Europe and North America, including crisis areas, speaks English, French and Russian, and is based at our Munich office.
Partner
Niels Buus
Niels Buus is a seasoned leader and strategist in the Defense and Space sector, with over 35 years of experience in driving innovation, growth, and transformation for various organizations. He is the Owner and CEO of Longbus Innovation, a company that provides management consulting, coaching, and strategic advice for private and public organizations in the areas of Space, Defense, Innovation, and Technology.
Niels has a proven track record of delivering results and creating value for his clients and stakeholders. He was the Chairman and then CEO of GomSpace, a leading provider of nanosatellite solutions, from 2007 to 2023, where he led the company’s expansion by more than 20 times and successfully listed it in an IPO in 2016. During that tenure he was in 2017 awarded Leader of the year in Danmark. Prior to that, he was the CEO of GateHouse, a leading supplier of software protocol stacks for Inmarsat, where he grew the company from 15 to 100 people within five years, earning him the regional “Entrepreneur of the Year” award twice. He also served as Vice President for the Radar Division at Terma A/S, where he orchestrated a substantial turnaround that positioned the business as a global leader in vessel traffic and surface movement radars.
Niels holds a Master of Science in mechanical engineering from Aalborg University, a Master of Science in applied optics from Imperial College London, and a Sloan Fellowship Master in Management from London Business School. He is also a Certified Board Chairman and a graduate of the IHEDN l’Institut des hautes études de défense nationale. Niels is passionate about advancing the Defense and Space industry and fostering a culture of innovation, excellence, and collaboration.
Director - Strasbourg
Bertrand Dufay
HSBC Global Banking and Markets: Corporate Coverage for Large Caps (CAC 40 or private groups) with a focus on Automotive (Renault / Michelin) and Healthcare (Sanofi / Servier).BNP Paribas Germany (Corporate & Investment Banking): Corporate Coverage on Mid Caps (Mittelstand)/Emerging Markets.
Industry experience:
Automotive; Healthcare.
Member of Healthcare, Biotech & Pharma Industry Group.
Partner
Giovanni Galeazzi
Founding partner. Giovanni worked in IBM, Telecom Italia, and other international companies in the ITC and automotive sectors, acquiring international experience in the management of Production, Engineering, Sales, and Customer Care. Worked for many years abroad (France, USA, Algeria).
Industry expertise:
Aerospace & defence; Automotive; Chemicals; Electronics; Engineering; Information technology; Life sciences; Real estate & facility management; Steel, metal and wood working; Telecom; Transport & logistics.
Partner
Niklas Uddstrom
Over 20 years of capital markets and M&A experience from leading corporate finance firms.
Executed 100+ assignments.
Extensive experience in valuation and business modeling.
Industry expertise:
Business services; Engineering; Financial services.
