Author Topic: Satellite maker Clyde Space acquired by Swedish rival  (Read 382 times)

0 Members and 1 Guest are viewing this topic.

Online Buster's Uncle

  • With community service, I
  • Ascend
  • *
  • Posts: 49543
  • €421
  • View Inventory
  • Send /Gift
  • Because there are times when people just need a cute puppy  Soft kitty, warm kitty, little ball of fur  A WONDERFUL concept, Unity - & a 1-way trip that cost 400 trillion & 40 yrs.  
  • AC2 is my instrument, my heart, as I play my song.
  • Planet tales writer Smilie Artist Custom Faction Modder AC2 Wiki contributor Downloads Contributor
    • View Profile
    • My Custom Factions
    • Awards
Satellite maker Clyde Space acquired by Swedish rival
« on: December 23, 2017, 09:43:30 PM »
Satellite maker Clyde Space acquired by Swedish rival
BBC  22 December 2017



Clyde Space is a market leader in the CubeSat sector  Image copyright Clyde Space



Miniature satellite maker Clyde Space is being bought by a Swedish space tech company in a deal worth £26m.

AAC Microtec is acquiring the Glasgow-based firm under a share sale and purchase agreement.

The deal will see AAC own 100% of shares in the Scottish firm. After completion of the acquisition, Clyde Space's owners will hold 49% of AAC.

Clyde Space said the transaction would create "a global-leading company" in the small and nanosatellite markets.

The deal is expected to be completed at the end of January.

Clyde Space, which employs nearly 80 people in Glasgow, was behind Scotland's first space satellite, UKube-1, which launched in Kazakhstan in July 2014.

In addition to complete satellite platforms, it has supplied more than 2,000 subsystems for small spacecraft.



Clyde Space staff  Image copyright Clyde Space

 
Clyde Space, which was founded in 2005, is a market leader in the CubeSat sector, supporting about 30%-40% of all current and past CubeSat missions.

CubeSats are tiny fully functional satellites with typical mass of 4kg.

Clyde Space's customers have included Nasa, Spire, UK Space Agency and US Air Force.

In a statement, AAC said the combined company would offer "high-reliability technology and products" in a segment ranging from 1U CubeSats to 500kg satellites.

Clyde Space founder and chief executive Craig Clark, who will join the AAC management team, said: "With our combined resources, know-how and pools of highly competent individuals, we will jointly be able to boost the creation of innovative technology and products, and continue to lead the way in the most commercially interesting segments of the satellite market."

This week a market intelligence report by BIS Research said the global small satellites market was expected to be worth more than $10bn by 2021.


http://www.bbc.com/news/uk-scotland-scotland-business-42459554

 

* User

Welcome, Guest. Please login or register.

Login with username, password and session length

Select language:

* Community poll

SMAC v.4 SMAX v.2 (or previous versions)
-=-
24 (7%)
XP Compatibility patch
-=-
9 (2%)
Gog version for Windows
-=-
103 (32%)
Scient (unofficial) patch
-=-
40 (12%)
Kyrub's latest patch
-=-
14 (4%)
Yitzi's latest patch
-=-
89 (28%)
AC for Mac
-=-
3 (0%)
AC for Linux
-=-
6 (1%)
Gog version for Mac
-=-
10 (3%)
No patch
-=-
16 (5%)
Total Members Voted: 314
AC2 Wiki Logo
-click pic for wik-

* Random quote

Optical computers, genetic catalogs, nanorepair modules?forget all of that. It's when you see a megaton of steel suspended over your head by a thread the thickness of a human hair that you really find God in technology.
~Anonymous Metagenics Dockworker, Morgan Link 3DVision Live Interview

* Select your theme

*
Templates: 5: index (default), PortaMx/Mainindex (default), PortaMx/Frames (default), Display (default), GenericControls (default).
Sub templates: 8: init, html_above, body_above, portamx_above, main, portamx_below, body_below, html_below.
Language files: 4: index+Modifications.english (default), TopicRating/.english (default), PortaMx/PortaMx.english (default), OharaYTEmbed.english (default).
Style sheets: 0: .
Files included: 45 - 1228KB. (show)
Queries used: 36.

[Show Queries]