Global Invacom attempted to acquire Tactilis.

Global Invacom, a satellite communications equipment provider, attempted to acquire Tactilis for $200m. Malaysia‐based Tactilis manufactures and distributes biometric system‐on‐card solutions. The deal was terminated on April 23, 2019. Tony Taylor, Executive Chairman of Global Invacom, commented: “The current satellite communications equipment business remains profitable and will remain an important activity of the Group even after the proposed acquisition. Through the proposed acquisition of Tactilis, we can venture into the high‐growth, high‐tech biometrics security industry. The fit between the two companies is synergistic as Tactilis will be able to achieve faster go‐to‐market because of Global Invacom’s existing manufacturing and marketing footprint as well as our access to global capital markets. We look forward to shareholder support of this transaction which we are confident will enhance value.”