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Announced

Completed

EchoStar completed the acquisition of Helios Wire.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

communication systems

Majority

Friendly

mobile satellite communications

communication services

Telecommunications Equipment

Acquisition

Completed

Private

Single Bidder

Australia

Synopsis

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EchoStar Global, a subsidiary of EchoStar, a provider of satellite communication solutions completed the acquisition of Helios Wire, a satellite-enabled IoT connective company. Financial terms were not disclosed. The acquisition includes Helios' Australian subsidiaries Sirion Holdings and Sirion Global. Sirion Global holds global spectrum rights for S-band Mobile Satellite Service (MSS), administered by Australia, and has been working to develop solutions for high volume asset tracking and monitoring applications by satellite. "This acquisition advances our strategy and further lays the foundation for a global S-band solution for the future. This acquisition of Helios and Sirion Global positions us closer to realizing that vision." Anders Johnson, EchoStar Chief Strategy Officer. .

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