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

nasaspacexecoreviewsissesaArianespacevideochinaFalcon 9v1.2FT Block 525virgin galacticULAfalcon 9RoscosmosevaspacewalkDGAaviation weekInternational Space StationaressoyuzIGTRocket LabBlue OriginBeidouawardsStarlinkspaceSatellite broadcastingAirbus DSrussiaboeingmoonOneWebCargo Return VehicleISROmarsblogresearchspaceshiptwojaxaorionmarsimpactdelayhyperbolaEutelsatdemocratrocketlunarhypertextobamagoogle lunar prizelaunchVegaSESthales alenia spacetourismbarack obamaconstellationfiguresnorthspaceflightIntelsatnode 2fundedRaymond Lygo2009Lockheed MartinExpress MD-2Elon MuskAtlas Vromess2dassault aviationaviationLucy2008wk2sstlukradiosuborbitaltestmissiledocking portexplorationAriane 5 ECAVirgin OrbitinternetLong March 2D/2sts-122ElectronSLSChina Manned Space EngineeringAriane 5Northrop Grummanmissile defensenewspapercotsgalileospace tourismflight2010Long March 4CspaceportExpress AMU 1buildspace stationaltairsoyuz 2-1aProton Minternational astronautical congressshuttlespace shuttlescaled compositesIntelsat 23European Space AgencyLauncherOneCosmosnew yorkrulesAriane 6hanleybudgetatvVietnamshenzhoucongressMojaveboldennew shepardLong March 2CInmarsatOrbital ATKcnesiaclunar landerGuiana Space CenterkscApollolawsUS Air ForceSpace Systems/LoralUK Space AgencyLong March 4BKuaizhou 1AILSdarpaprotonTalulah RileyElectron KSFalcon 9v1.2 Block 5Vega CNorth KoreaeuAstriumSkylonpicturebaseusaastronautdragonlanderfiveeventTelesatSSLAprilSNC50thinterviewLong MarchSea LaunchfalconWednesdaycustomerlinkatlantissuccessor

Stay Informed with Seradata

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