SINGAPORE (June 18): Global Invacom is acquiring the technology of the Apexsat group of companies, including its assets and intellectual property.
Apexsat specialises in the design and manufacture of steerable earth station solutions, and motorised and transportable antenna systems. It has developed its own multifunctional command and control systems with integrated tracking and positioning software, which is widely recognised as one of the most technologically advanced in the industry.
The total consideration for the acquisition is €250,000 ($384,838), which was arrived at following arm’s length discussions between both parties.
The amount will be paid in cash on completion and Apexsat will be integrated into Global Invacom’s existing, wholly-owned, antenna manufacturing subsidiary in Accrington, United Kingdom.
The acquisition will broaden Global Invacom’s product suite and enable the group to address the entire global market for upcoming LEO (Low Earth Orbit) and MEO (Middle Earth Orbit) satellite communication constellations. Apexsat’s high-speed integrated mechanisms will also allow the Group to use its full range of Ka Band antennas across auto pointing and auto acquiring applications.
Tony Taylor, Executive Chairman of Global Invacom, says, “This is an excellent example of how Global Invacom can continue to broaden its product base alongside securing valuable IP which we believe will underpin further product development. Furthermore, we believe that by integrating the Apexsat technology into Global Invacom, we will be able to upscale the existing Apexsat and Global Invacom customer base through the delivery of high quality, bespoke products.”
As at 2.50pm, shares in Global Invacom are trading at 8.1 cents.
