Announced
Financials
Sources
Tags
United States
Acquisition
time and location signals
Domestic
STL services
Computer Hardware
Majority
Friendly
Single Bidder
Private
Pending
Synopsis
Iridium, a provider of global voice and data satellite communications, agreed to acquire Satelles, a provider of highly secure satellite-based time and location services. Financial terms were not disclosed. "This market is growing; it's a perfect application of our network, and this solution solves a problem for critical industries better than anything else," Matt Desch, Iridium CEO.
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