Small satellite maker Clyde Space to be acquired by Swedish firm AAC Microtec

by | Dec 31, 2017 | Satellites, Seradata News, Technology

The Scottish small satellite manufacturer Clyde Space is to be sold to the Swedish space firm AAC Microtec in a cash and mainly share deal overall worth US$35.3 million. Craig Clark, the CEO of the Clydespace firm which was founded by him in 2005, is thought to be a principle beneficiary of the sale which will give him and two investor groups a 49 per cent shareholding in the new firm. Once merged,the new combined firm is attempting to dominate the rapidly growing cubesat market – especially in USA where AAC Microtec has a marketing strength.

Craig Clark will be given a position on the AAC Microtec management team. Will Whitehorn, Chairman of the Board of Clyde Space, will take a place on the board of AAC Microtec. 

CubeSat Ukube 1 built by Clyde Space. Courtesy: Clyde Space 

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 9ULAevaRoscosmosspacewalkDGABlue Originaviation weekInternational Space StationaresRocket LabsoyuzIGTBeidouawardsAirbus DSStarlinkboeingspaceSatellite broadcastingrussiaOneWebmoonISROCargo Return VehiclemarsblogresearchspaceshiptwoorionjaxamarsimpactEutelsathyperboladelaydemocratgoogle lunar prizerocketlunarhypertextthales alenia spaceobamalaunchVegaSESconstellationtourismbarack obamafiguresnorthspaceflightIntelsatnode 2fundedRaymond LygoElon Musk2009Lockheed MartinromeAtlas VExpress MD-2dassault aviationss2sstlaviationLucy2008wk2uksuborbitalradiotestmissiledocking portexplorationSLSAriane 5 ECAVirgin OrbitinternetLong March 2D/2China Manned Space Engineeringsts-122Ariane 5Northrop GrummanElectronmissile defensenewspapercotsgalileospace tourismflight2010Long March 4CspaceportExpress AMU 1buildspace stationaltairsoyuz 2-1ashuttleProton Minternational astronautical congressscaled compositesAriane 6Intelsat 23space shuttleLauncherOneEuropean Space AgencyCosmoshanleybudgetrulesnew yorkLong March 2CInmarsatnew shepardVietnamatvshenzhoucongressMojaveboldenOrbital ATKcnesUS Air ForceGuiana Space Centerlunar landeriacApollolawsSpace Systems/LoralUK Space AgencyLong March 4BKuaizhou 1AkscElectron KSILSdarpaprotonTalulah RileyVega CFalcon 9v1.2 Block 5North KoreaeulaunchesSkylonAstriumpicturebaseusaastronautdragonlanderfiveeventTelesatSpace InsuranceSSLViasatAprilSNC50thfalconWednesdaySea LaunchLong Marchinterviewcustomer

Stay Informed with Seradata

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