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skywaretechnologies.com

Founded Year

2013

Stage

Acquired | Acquired

Valuation

$0000 

About Skyware Technologies

Skyware Technologies Group designs and makes integrated transmitters and receivers for data-over-satellite (DOS) applications.

Skyware Technologies Headquarter Location

Affinity House, 1 Station View, Hazel Grove

Cheshire, England, SK7 5ER,

United Kingdom

+44 (0) 161 2600 195

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Latest Skyware Technologies News

Global Invacom acquires certain assets of satellite electronics firm Skyware Technologies

Sep 6, 2018

Global Invacom acquires certain assets of satellite electronics firm Skyware Technologies Wed, Sep 05, 2018 - 7:58 AM PHOTO: SGX SATELLITE communications equipment provider Global Invacom has acquired certain assets of Skyware Technologies Group, together with the associated intellectual property, research and development teams and inventory from a number of companies across the group ( see amendment note ). Skyware Technologies is a designer and manufacturer of integrated transmitter and receivers for data over satellite (DOS) applications. The Skyware Technologies acquisition consists of an initial cash consideration of S$3.1 million, with a further S$0.3 million to be provided as product, and a maximum additional S$0.5 million payable on delivery of revenue related earn-out targets, the mainboard-listed firm announced in a pre-market open statement on Wednesday. The consideration will be funded from existing cash resources. Market voices on: "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," Global Invacom said in its statement. Tony Taylor, Global Invacom's executive chairman, said the acquisition of UK-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," he said. Amendment note: The story above has been changed to reflect that Global Invacom has acquired certain assets of Skyware Technologies Group - together with the associated intellectual property, research and development teams and inventory from a number of companies across the group - instead of the company in its entirety as mentioned earlier.

  • When was Skyware Technologies founded?

    Skyware Technologies was founded in 2013.

  • Where is Skyware Technologies's headquarters?

    Skyware Technologies's headquarters is located at Affinity House, 1, Cheshire.

  • What is Skyware Technologies's latest funding round?

    Skyware Technologies's latest funding round is Acquired.

  • Who are the investors of Skyware Technologies?

    Investors of Skyware Technologies include Global Invacom and Granahan McCourt Capital.

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