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Global Invacom buys UK satellite electronics firm Skyware Tech

The Straits Times

Satellite communications equipment provider Global Invacom has acquired Skyware Technologies Group, which designs and makes integrated transmitters and receivers for data-over-satellite (DOS) applications.

The acquisition consists of an initial cash payment of $3.1 million, with a further $300,000 to be provided as product, and a maximum additional $500,000 payable on delivery of revenue-related earn-out targets.

The consideration will be funded from existing cash resources, the mainboard-listed firm announced in a pre-market statement yesterday.

Global Invacom added: "The group already has a leading position in DOS antennas and this acquisition will allow the group to offer its customers the total DOS terminal solution."

Executive chairman Tony Taylor said the acquisition of British-based Skyware Technologies will enable the firm to provide a "complete antenna and electronics product set to customers across the data-over-satellite market".

"There is a significant opportunity across this market, driven by the demand for connectivity in developing countries and rural communities, and where fibre or cable is not a viable solution, satellite broadband is now a highly attractive alternative."