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.

2018-09-03

Craig Clark, grundare av Clyde Space och CSO för ÅAC Microtec har informerat bolaget att han har sålt 580 000 aktier och gett totalt 121 503 aktier i gåva. Efter transaktionerna äger Craig Clark 8 927 355 aktier i ÅAC Microtec, motsvarande 13,0 procent i bolaget.

2018-09-03

Craig Clark, founder of Clyde Space and CSO for ÅAC Microtec has informed the company that he has sold 580,000 shares and given a total of 121,503 shares as a gift. Following the transactions, Craig Clark holds 8 927 355 shares in ÅAC Microtec, corresponding to 13.0 percent in the company.

2018-08-31
Regulatorisk

ÅAC vinner order på ett kraftdelsystem för en helt ny rymdapplikation. Kraftdelsystemet ska levereras under 2019 och ordervärdet uppgår till ca 5,2 MSEK.

2018-08-31
Regulatory

ÅAC wins an order for the supply of a power subsystem to be utilized in a new application. The power subsystem will be delivered during 2019 and order value is approximately 5.2 MSEK.

2018-08-23
Regulatorisk

Andra kvartalet 2018

  • Nettoomsättningen uppgick till 22,1 (5,0) MSEK.
  • Rörelseresultatet före avskrivningar, EBITDA, uppgick till -5,6 (-4,8) MSEK
  • Rörelseresultatet efter avskrivningar uppgick till -18,4 (-6,1) MSEK. Goodwillavskrivning i enlighet med redovisningsregelverket K3 relaterade till förvärvet av Clyde Space Ltd uppgick till 10,2 MSEK
  • Resultat efter skatt uppgår till -18,7 (-6,1) MSEK
  • Resultat per aktie före och efter utspädning uppgick till -0,27 (-0,19) SEK
  • Order på batterier från York Space Systems
  • Order på sammanlagt 25,6 MSEK från aspirerande satellitkonstellationer
  • Ökning av aktiekapital genom teckning av teckningsoption TO1
2018-08-22
Regulatorisk

ÅAC Microtec AB Brittiska staten stödjer företag som arbetar med innovativa projekt och som gör framsteg inom vetenskap och teknik. Stödet sker genom en skattebefrielse (R&D Tax Credit). Clyde Space kvalificerar sig för skattebefrielsen genom den pågående utvecklingen av branschledande CubeSat-plattformar och delsystem.

2018-08-22
Regulatory

ÅAC Microtec AB Research and development (R&D) tax credits are a UK government tax relief supporting companies that work on innovative projects making advances in science and technology. Clyde Space qualifies for R&D tax credits due to the ongoing development of industry leading CubeSat platforms and subsystems.

2018-08-20
Regulatorisk

ÅAC har vunnit en order från kanadensiska Kepler Communications för leverans av en satellitplattform till deras Machine-to-Machine kommunikationslösning. Konstellationen är en föregångare till Keplers kommande GEN1-konstellation. Ordervärdet uppgår till ca 3,5 MSEK och omfattar leverans av en 6U-satellit under tredje kvartalet 2019 samt drifttagande av satelliten i omloppsbana.

2018-08-20
Regulatory

ÅAC wins an order from Kepler Communications of Canada aiming to deliver a spacecraft platform for their Machine-to- Machine communications service. This mission is a precursor to their forthcoming GEN1 constellation. Including both satellite platform and on-orbit commissioning services, the order value is worth approximately 3.5 MSEK, with the platform to be delivered in Q3 2019.

2018-08-09
Regulatorisk

ÅAC vinner ytterligare en uppföljningsorder från en japansk kund för leverans av den senaste generationen av Sirius delsystem som denna gång uppgraderas med LEON3FT-mjukvaruprocessorn. Delsystemen ska integreras i kundens satellit som planeras att skjutas upp under 2019/2020. Värdet av ordern som förväntas levereras under fjärde kvartalet 2018, är cirka 1,4 MSEK.

2018-08-09
Regulatory

ÅAC wins yet another follow-on order from a Japanese customer for supply of the latest Sirius avionics subsystem, this time based on the LEON3FT soft core processor. The subsystems will be integrated in the customer's satellite that is expected to be launched in 2019-2020. The order, which is expected to be delivered in Q4 2018, is valued at approximately 1.4 MSEK.

2018-05-31

Sista dag att utnyttja teckningsoption TO1 är idag, 31 maj 2018.

2018-05-31
Regulatorisk

ÅAC har vunnit en bindande order från Space Systems Engineering Ukraine (SSE) för leverans av avionik och kraftdelsystem till deras "In-Orbit-Demonstration" uppdrag. Ordern ska kompletteras med ett slutgiltigt avtal där viss konfiguration av delsystemen specificeras. Ordervärdet är cirka 10,3 MSEK och leveranser påbörjas tredje kvartalet 2018 avslutas andra kvartalet 2019.

2018-05-31
Regulatory

ÅAC wins a binding order from Space Systems Engineering Ukraine (SSE) for the supply of avionics and power subsystems for their In-Orbit-Demonstration mission. The binding order is subject to a final agreement aiming to finalize some of the equipment configuration. The order value is approximately 10.3 MSEK and will be delivered in batches from Q3 2018 to Q2 2019.

2018-05-29

ÅAC Microtec AB ÅAC Microtec och rymdföretaget QinetiQ Space har ingått i ett samarbete där QinetiQ kan marknadsföra ÅAC:s satellitplattformar, delsystem och rymdtjänster på marknaden. Samarbetet syftar till att öppna nya marknadsmöjligheter för båda företagen.

2018-05-29

ÅAC Microtec AB ÅAC Microtec and the aerospace company QinetiQ Space have entered into a collaboration agreement where QinetiQ can offer ÅAC's satellite platforms, subsystems and space services to the market. The collaboration opens up new market opportunities for both companies.

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