ORBCOMM enters into deal to be purchased by investment firm, company valued at US$1.1 billion

by | Apr 8, 2021 | Finance, Seradata News

ORBCOMM announced on 8 April that it had entered into an agreement to be bought by fellow American company GI Partners. GI, a private investment firm based in California, is looking to expand its “data infrastructure” portfolio. The terms of the transaction value ORBCOMM at abouit US$1.1 billion (including net debt). ORBCOMM shareholders are expected to receive a generous US$11.50 per share, amounting to a 50 per cent premium on average share price over the previous 90-day period.

Following the transaction ORBCOMM will become a private company. This follows in the footsteps recently made by some of its space industry fellows, specifically Inmarsat, Avanti and AsiaSat. The ORBCOMM Board has voted to approve the deal and shareholder ratification is expected soon via an extraordinary meeting. Following the shareholder go-ahead both parties expect the transaction to be completed during the second half of the year.

About Seradata

Seradata produces the renowned Seradata database. Trusted by over 100 of the world’s leading Space organisations, Seradata is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to https://www.seradata.com/product/

Related Articles

Categories

Archives

Tags

nasaspacexecoreviewsissesaArianespacechinavideoFalcon 9v1.2FT Block 525virgin galacticfalcon 9ULARoscosmosevaspacewalkDGABlue Originaviation weekInternational Space StationRocket LabaresIGTsoyuzBeidouawardsStarlinkAirbus DSboeingspaceSatellite broadcastingrussiamoonOneWebISROCargo Return VehiclemarsblogresearchorionspaceshiptwomarsjaxaimpactEutelsatdelayhyperbolaSESdemocratthales alenia spacegoogle lunar prizerocketlunarhypertextobamalaunchVegatourismconstellationbarack obamafiguresnorthspaceflightIntelsatnode 2fundedElon MuskLockheed MartinRaymond LygoAtlas V2009romeExpress MD-2dassault aviationss2sstl2008wk2aviationLucyradiouksuborbitalVirgin Orbittestmissiledocking portexplorationSLSAriane 5 ECAinternetLong March 2D/2China Manned Space Engineeringsts-122Ariane 5Northrop GrummanElectron2010space tourismgalileoflightnewspapermissile defensecotsspaceportExpress AMU 1Long March 4Cbuildspace stationaltairsoyuz 2-1aProton Minternational astronautical congressshuttlespace shuttleEuropean Space AgencyLauncherOneCosmosIntelsat 23scaled compositesAriane 6rulesnew yorkhanleybudgetatvVietnamshenzhoulaunchesnew shepardInmarsatLong March 2CcnesboldenUK Space AgencycongressMojavelunar landeriacGuiana Space CenterUS Air ForceOrbital ATKkscApollolawsSpace Systems/LoralLong March 4BKuaizhou 1AElectron KSVega CdarpaprotonILSTalulah RileyFalcon 9v1.2 Block 5Space InsuranceNorth KoreaeuSkylonAstriumpicturebaseusaastronautdragonlanderfiveeventTelesatEchostarSSLAprilSNC50thinterviewfalconSea LaunchLong MarchWednesdayViasat

Stay Informed with Seradata

Stay informed on the latest news, insights, and more from Seradata by signing up for our newsletter.