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Global Invacom buys Apexsat’s technology for 250,000 euros

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GLOBAL Invacom, a global provider of satellite communications equipment, on Tuesday said it has acquired the assets and intellectual property (IP) of Apexsat group for 250,000 euros (S$385,000). Read more at The Business Times.

GLOBAL Invacom, a global provider of satellite communications equipment, on Tuesday said it has acquired the assets and intellectual property of Apexsat group for 250,000 euros .

According to Global Invacom, Apexsat has developed its own systems with integrated tracking and positioning software. Global Invacom claims that this software is"widely recognised as one of the most technologically advanced in the industry". The purchase price of 250,000 euros will be paid in cash upon completion of the deal, and Apexsat will be integrated into Global Invacom's existing, antenna manufacturing subsidiary in Accrington, UK.

 

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