AAC Clyde Space to acquire Hyperion Technologies for 22.8 MSEK

With this acquisition they will further extend their product offering and will access some key technologies, adding the substantial capability to their missions. He looks forward to working with their new colleagues in Delft, Netherlands as they continue to change the economics of accessing services from space.

AAC Clyde Space to acquire Hyperion Technologies for 22.8 MSEK
AAC Clyde Space to acquire Hyperion Technologies for 22.8 MSEK

AAC Clyde Space to acquire Hyperion Technologies for 22.8 MSEK

AAC Clyde Space (AAC) has reached an agreement to acquire 100% of the shares in Hyperion Technologies BV, in shares and cash deal. AAC CEO Luis Gomes commented in a blog post by AAC Clyde Space and said that it is great to see the Hyperion team join the AAC Clyde Space family bringing together two great Newspace companies.

With this acquisition they will further extend their product offering and will access some key technologies, adding the substantial capability to their missions. He looks forward to working with their new colleagues in Delft, Netherlands as they continue to change the economics of accessing services from space.

Hyperion Technologies will now become a fully owned subsidiary of AAC Clyde Space AB. It will be operating from its current facilities in Delft, close to one of Europe’s top aerospace universities, and will serve as a source of high caliber engineers and scientists for the company. This is a representation of strengthening of the group’s presence within the European Union.

With the new capabilities, AAC will offer new solutions for turnkey space missions and for the Space as a Service business, including the deployment of optical communications systems. This acquisition helps the company’s vision to grow its share of the market that is currently estimated to be worth $2billion a year, growing to $3-4 billion by 2022.

The acquisition will be funded with 7,755,000 new shares in AAC, representing consideration of 21.7 MSEK calculated at 2.80 SEK per share, and 0.1 MEUR in cash, equivalent to approx. 1.1 MSEK. The total consideration of 22.8 MSEK may vary depending on the development of share and euro prices until the acquisition is completed. The owners of Hyperion will now own 7.5 percent of the total number of shares and votes in AAC.