SAN FRANCISCO — AAC Clyde Space announced plans Oct. 15 to acquire SpaceQuest, a satellite technology developer based in Fairfax, Virginia, for $8.4 million, pending the approval of shareholders and the U.S. Committee on Foreign Investment in the United States.
Luis Gomes, AAC Clyde Space CEO, and Craig Clark, AAC Clyde Space chief strategy officer, have often expressed their desire to expand the firm’s presence in the dynamic U.S. space market.
“This acquisition represents the next step in our strategy to grow our operations in the U.S., and to expand our Space as a Service [SaaS] business,” Gomes said in a statement. “SpaceQuest’s fleet of satellites and ground station network represent a great addition of capability to our SaaS offering and further strengthens our plans to change the economics of delivering data services from space.”
AAC Clyde Space was formed in early 2018 when shareholders of AAC Microtech of Uppsala, Sweden, approved a plan announced in late 2017 to acquire Scotland’s Clyde Space.
Since the acquisition, AAC Clyde Space has been growing rapidly through acquisitions and by expanding its product line to include everything from satellite subsystems to small satellites and space as a service, meaning the company handles mission ...