Global Invacom Group Limited (DI) (GINV)

Sector:

IT Hardware

 8.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 9.00
  • 52 Week Low: 3.50
  • Currency: UK Pounds
  • Shares Issued: 259.66m
  • Volume: 0
  • Market Cap: £20.77m
  • RiskGrade: 245

Global Invacom acquires assets of Skyware Technologies Group

By Josh White

Date: Wednesday 05 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Satellite communications equipment provider Global Invacom announced the acquisition of certain assets, together with the associated intellectual property, research and development team and inventory from a number of companies across the Skyware Technologies Group, on Wednesday.
The AIM-traded company said the acquisition was for an initial cash consideration of $3.1m, with a further $0.3m to be provided as product, and a maximum additional $0.5m payable on delivery of revenue related earn-out targets.

It said the consideration would be funded from existing cash resources on a debt-free basis.

Global Invacom explained that Skyware Technologies designed and manufactured integrated transmitter-receivers for data-over-satellite (DOS) applications.

The company said it already had a "leading position" in DOS antennas, with the acquisition set to allow it to offer its customers "the total DOS terminal" solution.

Its board said it was already unique in being able to offer reception electronics and antennas for the direct-to-home market, with the acquisition intended to allow the group to extend that same unique position to the fast-growing DOS market.

The acquisition was expected to contribute to the financial performance of the group in the first full year of ownership.

Trevor Gordon, managing director and senior vice-president of Skyware Technologies, would remain with the business post-acquisition, along with the UK research and development team, based in Stockport.

"We are delighted to announce the asset acquisition of Skyware Technologies, which we believe will enable us to provide a complete antenna and electronics product set to customers across the data over satellite market," said Global Invacom executive chairman Tony Taylor.

"There is a significant opportunity across this market, driven by the demand for connectivity in developing countries and rural communities and where fibre or cable is not a viable solution, satellite broadband is now a highly attractive alternative."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GINV Market Data

Currency UK Pounds
Share Price 8.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 9.00
52 Week Low 3.50
Volume 0
Shares Issued 259.66m
Market Cap £20.77m
RiskGrade 245

GINV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.98% above the market average28.98% above the market average28.98% above the market average28.98% above the market average28.98% above the market average
30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average
Price Trend
71.26% above the market average71.26% above the market average71.26% above the market average71.26% above the market average71.26% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income Not Available
Growth
61.73% below the market average61.73% below the market average61.73% below the market average61.73% below the market average61.73% below the market average
13.04% below the sector average13.04% below the sector average13.04% below the sector average13.04% below the sector average13.04% below the sector average

GINV Dividends

  Latest Previous
  Final Final
Ex-Div n/a 14-May-15
Paid n/a 25-May-15
Amount 0.000¢ 0.53¢

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

GINV Key Personnel

COO Gordon Blaikie

Top of Page