(Satellite News via NewsEdge) In a move to bolster its aeronautical broadband offerings and facilitate its entry to the land, mobile and maritime markets, EMS Technologies has signed a definitive agreement to acquire Australia's DSpace for $5.7 million.
The acquisition allows EMS Technologies to capitalize on demand for Inmarsat's Broadband Global Area Network (BGAN) service. Founded in 1995, DSpace helped develop Inmarsat's BGAN satellite radio protocols.
The transaction is expected to close in early July, with DSpace to maintain operations in Australia, but to become part of the Ottawa-based EMS Satcom division, which represented $70.7 million, or 27.1%, of its parent company's $261-million 2006 revenue.
Â© 2007 Dialog, a Thomson business. All rights reserved.