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Global Invacom acquires US satellite terminal manufacturer for $15.7m
This is its largest acquisition to date.
SGX-listed Global Invacom will acquire Skyware, a US-based satellite terminal manufacturer, for a consideration of $15.7m (US$11.6m).
This is its largest acquisition to date and aims to position the group as a global leader in satellite communications equipment.
Global Invacom will issue approximately US$6.6M in treasury shares and enter into an earn-out model – up to a maximum amount of US$5.0M cash – on completion of the transaction with North Carolina-based Skyware, whose vendors will hold 9.9% of former’s share capital
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