SINGAPORE: Mainboard-listed Global Invacom Group announced on Tuesday its plan to acquire Skyware Global, a major US satellite terminal maker, in cash and shares for US$11.6 million.
The move would make Global Invacom the world leader in the manufacture of very small aperture terminals (VSAT), with plants in the US, Europe and Asia, the company said.
Last year, Skyware recorded revenue of about US$52 million.
Global Invacom plans to issue approximately US$6.6 million in treasury shares and enter into a cash earn-out model to pay Skyware up to a maximum of US$5.0 million.
