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AAC Clyde Space to Acquire Hyperion Technologies for 22.8 MSEK

11 Oct 2020, 19:01 UTC
AAC Clyde Space to Acquire Hyperion Technologies for 22.8 MSEK
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UPPSALA, Sweden (AAC Clyde Space PR) — AAC Clyde Space (“AAC”) has reached an agreement to acquire 100 % of the shares in Hyperion Technologies BV, in a shares and cash deal. The current owners of Hyperion Technologies will receive 7,755,000 new shares in AAC, equivalent to approximately 21.7 MSEK [$2.47 million] calculated at 2.80 SEK per share and 0.1 MEUR (approx. 1.1 MSEK) [$130,000] in cash, subject to approval by the AAC EGM.

Commenting on the announcement AAC CEO Luis Gomes stated, “It is great to see the Hyperion team join the AAC Clyde Space family bringing together two great Newspace companies. With this acquisition we will further extend our product offering and will access some key technologies, adding substantial capability to our missions. I look forward to work with our new colleagues in Delft as we continue to change the economics of accessing services from space”.

Hyperion Technologies is based in Delft, the Netherlands, and the company specializes in high performance, components for small spacecraft, being particularly renowned for its attitude and orbit control technologies, among others.

The company was founded in 2013 and has built a global market presence, supplying a range of customers to some ...

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