Pressmeddelanden

ÅAC completes the acquisition of Clyde Space Limited

ÅAC Microtec AB ("ÅAC" or the "Company") has today completed the acquisition of 100 percent of the shares in Clyde Space Limited ("Clyde"), which was announced through a press release on 21 December 2017. The acquisition was paid for with 30 466 326 new shares in AAC and GBP 2 million in cash.

The sellers of Clyde will be bound by lock-up provisions as follows. One third of the AAC shares received as consideration are subject to a lock-up undertaking for 180 days, one third for 360 days and one third for 540 days from the first day of trading of the new issued shares on Nasdaq First North.

Craig Clark, Founder and CEO of Clyde Space, comments: "We are very excited to join the internationally acclaimed and highly competent AAC team. AAC's complementary operations, advanced technology know-how, well-developed corporate structure and direct access to capital markets provide a great platform for the further development and growth of Clyde Space as well as the AAC group's business as a whole. With our combined resources, know-how and pools of highly competent individuals, we will jointly be able to boost the creation of innovative technology and products, and continue to lead the way in the most commercially interesting segments of the satellite market."

Alfonso Barreiro, CEO of AAC, comments: "Together with Clyde Space, we can offer a complete range of advanced and cost-efficient solutions that meets increasing customer demand for flexibility, reliability and stable satellite life in orbit. We will have advanced R&D, production and testing facilities in Uppsala and Glasgow, and effective sales channels to commercial and institutional customers across the globe. Our joint R&D capacity will be unique in our segment, enhancing our capability to offer state-of-the-art technology and supporting our strategy to develop robust products based on open architecture platforms to increase flexibility, scalability, and efficiency. I'm really looking forward to work closely together with Craig Clark and his team to lead the third industrial revolution in our part of the space technology market."

Rolf Hallencreutz, Chairman of AAC, adds: "We are very excited to welcome the talented and highly innovative Clyde Space team. Together, our companies secure a leadership position in the CubeSat market and can claim a strong position in the high-reliability small satellite segment. We also strengthen the foundation for continued corporate development and accelerated top-line growth, organically as well as through additional M&A activities in the UK, Sweden and other markets."

2018-01-30 

FOR MORE INFORMATION:
Please visit: www.aacmicrotec.com or contact:

CEO Alfonso Barreiro, investor@aacmicrotec.com
Chairman of the board Rolf Hallencreutz, investor@aacmicrotec.com

The information in this press release is such that ÅAC Microtec AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 16:50 on 30 January 2018.

Advisors
Ceres Advisors is acting as M&A advisor, PwC and G&W Fondkommission as financial advisors, and Setterwalls Advokatbyrå and Latham & Watkins as legal advisors to AAC in connection with the transaction. Livingstone Partners is acting as financial advisor, and Pinsent Masons and Torngren Magnell as legal advisors to the Clyde Space shareholders.

ABOUT ÅAC MICROTEC
ÅAC Microtec is a supplier of spacecraft avionics, such as onboard computers, mass memory storage and power management units. ÅAC's technical competence includes the advanced and robust, fault-tolerant microelectronics for critical space applications. The company also markets complete satellites (weight <150 kg) in collaboration with other specialized suppliers.

ÅAC Microtec's shares are traded on Nasdaq First North Stockholm. G&W Fondkommission, telephone +46 8 503 000 50, is the Certified Adviser.

2018-04-12
Regulatorisk

ÅAC har utökat affärsrelationen med York Space Systems genom en order för att leverera batterier till Yorks S-CLASS satellitplattform. Leveransen inkluderar tekniskt stöd och leverans av ett batterisubsystem. Den första ordern, som har ett begränsat värde, är av strategisk betydelse eftersom detta är ytterligare ett delsystem till S-CLASS satelliten.

2018-04-12
Regulatory

ÅAC has extended business activities with York Space Systems to include the supply of the batteries for their S-CLASS satellite platform. The delivery includes engineering support and delivery of one battery sub- system. The initial procurement, with a limited value, is of strategic importance as this is yet another subsystem for York's S-CLASS platform with potential for follow on orders for subsequent missions.

2018-04-09

ÅAC:s dotterbolag Clyde Space kvalitetssystem för design och tillverkning av satellitplattformar och subsystem har certifierats enligt ISO 9001:2015

2018-04-09

ÅAC's subsidiary Clyde Space Quality Management Process for design and manufacturing of satellite platforms and avionics subsystems has been certified according to ISO 9001:2015

2018-03-28

ÅAC kommer att vara värd för en Live Session där frågor kan ställas till ÅAC:s ledning den 19 april kl 19:00 - 20:00

2018-03-28

ÅAC Microtec will host a live Question and Answer session with ÅAC's management on April 19 between 19:00 - 20:00 CET

2018-02-21
Regulatorisk

Fjärde kvartalet 2017

  • Nettoomsättningen uppgick till 2,2 (4,7) MSEK. Större delen av intäkterna är från utvecklingsprojekt. Intäkter från licens och produktförsäljning kommer att realiseras under första kvartalet 2018
  • Rörelseresultatet uppgick till -9,1 (-12,2) MSEK
  • Resultat per aktie före och efter utspädning uppgick till -0,29 (-0,82) SEK
  • ÅAC vinner kommersiella order på Sirius-produkter
  • Mats Thideman utses till vice Verkställande Direktör
  • ÅAC vinner prestigefulla order från Airbus UK
  • ÅAC vinner order från York om 8,6 MSEK
2018-02-16
Regulatorisk

ÅAC Microtec AB ÅAC har genom dotterbolaget Clyde Space vunnit ett driftavtal från det amerikanska bolaget LCF Enterprises. Avtalet är en utökning av en tidigare order på en 3U-satellit. Det totala ordervärdet för satellit- och driftavtalet är cirka 2,6 MSEK, varav cirka 0,8 MSEK beräknas faktureras under 2018.

2018-02-16
Regulatory

ÅAC Microtec AB ÅAC through its Clyde Space subsidiary has won an operations contract from American company LCF Enterprises, a follow-on order from their primary 3U satellite purchase. The total order value for the satellite and the operations contract is approximately 2.6 MSEK of which about 0.8 MSEK is expected to be invoiced during 2018.

2018-02-15
Regulatorisk

ÅAC har genom dotterbolaget Clyde Space vunnit sitt första kontrakt på uppskjutning av en satellit. Beställningen från det israeliska företaget NSLComm är en utökning av en tidigare order på en 6U-satellit. För koncernen är kontraktet av strategisk betydelse och markerar en viktig milstolpe som den första beställningen av ett komplett satellitprojekt från början till slut. Satelliten beräknas skjutas upp i slutet av 2018. Det totala ordervärdet för projektet är ca 16,7 MSEK varav 10,8 MSEK förväntas faktureras under 2018.

2018-02-15
Regulatory

ÅAC through its Clyde Space subsidiary has won its first launch contract. This order from the Israeli company NSLComm is a follow-on order from an initial 6U Satellite purchase. The contract is of strategical importance for the group, marking a key milestone as its first end-to-end mission delivery. The launch date is set for the end of 2018. The total order value for the mission is approximately 16.7 MSEK of which 10.8 MSEK is expected to be invoiced during 2018.

2018-02-07
Regulatorisk
2018-01-30
Regulatorisk

Craig Clark och Andrew Strain från Clyde Space går med i ledningsgruppen för det nya sammanslagna bolaget ÅAC Microtec-Clyde Space. Craig Clark antar en ny roll som Chief Strategy Officer och Grundare medan Andrew Strain blir Chief Technology Officer. De tar sina nya roller i och med genomfört förvärv.

2018-01-30
Regulatory

Craig Clark and Andrew Strain from Clyde Space join the management group of the new joint company ÅAC Microtec-Clyde Space. Craig Clark assumes a new role as Chief Strategy Officer and Founder while Andrew Strain becomes Chief Technology Officer. Both of them have taken up their new positions upon closure of the acquisition operation.

2018-01-30
Regulatorisk

ÅAC Microtec AB ("ÅAC" eller "Bolaget") har denna dag fullbordat förvärvet av 100 procent av aktierna i Clyde Space Limited ("Clyde"), vilket offentliggjordes genom en pressrelease daterad den 21 december 2017. Köpeskillingen för förvärvet bestod av 30 466 326 nyemitterade aktier i ÅAC och 2 miljoner GBP i kontanter. 

2018-01-30
Regulatory

ÅAC Microtec AB ("ÅAC" or the "Company") has today completed the acquisition of 100 percent of the shares in Clyde Space Limited ("Clyde"), which was announced through a press release on 21 December 2017. The acquisition was paid for with 30 466 326 new shares in AAC and GBP 2 million in cash.

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