Singapore Technologies Engineering (ST Engineering) has said its US subsidiary iDirect Government (iDirectGov) has acquired 100% ownership in Glowlink Communications Technology (Glowlink), for $20 million.
ST Engineering has said the acquisition was carried out by way of a merger through a newly-incorporated special purpose vehicle, Intrepid Merger Sub and Glowlink, with the latter being the surviving entity.
The aggregate purchase consideration is on a cash-free and debt-free basis plus employment-based retention payment of up to $5 million subject to fulfilment of certain conditions.
Based in Mountain View, California, Glowlink delivers innovative solutions that mitigate satellite interferences and improve the quality of satellite communications (satcom).
Its satellite network management solutions are able to detect and remove satellite signal interferences in an increasingly dense satellite space. As more satellites are launched in the coming years to meet the exponentially growing demand for connectivity in smart cities, there will be a significant increase in demand for anti-jam capabilities.
Glowlink’s products span carrier and spectrum monitoring, interference detection and mitigation, geolocation, and satellite capacity planning which will augment iDirectGov’s advanced bandwidth-efficient, scalable and highly secure satellite solutions.