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.

2018-08-09
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
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.

2018-05-24
Regulatorisk

STARK START FÖR NYA KONCERNEN

Första kvartalet 2018

  • Nettoomsättningen uppgick till 16,4 (3,8) MSEK. Det under januari 2018 förvärvade bolaget Clyde Space Ltd ingår i omsättning och resultat från och med februari, dvs med 2 månader i denna kvartalsrapport
  • Rörelseresultatet före avskrivningar uppgick till -3,7 (-4,1) MSEK
  • Rörelseresultatet efter avskrivningar uppgick till -12,8 (-5,4) MSEK. Resultatet har belastats med avskrivning av goodwill om 6,8 MSEK relaterat till förvärvet av Clyde Space Ltd
  • Resultat per aktie före och efter utspädning uppgick till -0,22 (-0,17) SEK
  • ÅAC förvärvade Clyde Space per 30 januari 2018
  • Riktad nyemission om 50 MSEK
  • Ny listningsprocess genomfördes och godkändes av Nasdaq First North Stockholm efter förvärvet av Clyde Space
  • Craig Clark och Andrew Strain från Clyde Space till ÅAC:s ledningsgrupp efter genomfört förvärv
  • ÅAC vann, genom dotterbolaget Clyde Space, sitt första kontrakt på uppskjutning av en satellit
  • ÅAC vann genom dotterbolaget Clyde Space ett driftavtal
2018-05-24
Regulatorisk

ÅAC Microtec AB ÅAC har vunnit en order från ett bolag i Sydamerika på delsystem till deras kommande satellitkonstellation. Ordervärdet är ca 7,2 MSEK, med möjlighet till ytterligare 4,9 MSEK i början av 2019 avhängigt av planering och tillgängliga uppskjutningsmöjligheter för den senare delen av konstellationen. Ordern levereras under perioden 2018-Q4 till 2019- Q2.

2018-05-24
Regulatory
ÅAC Microtec AB ÅAC Microtec wins an order from a South American space company aiming to deliver subsystems to their forthcoming constellation. The order value is approximately 7.2 MSEK with an option to extend the order by an additional 4.9 MSEK in early 2019, subject to planning and availability of launch opportunities for the later part of the constellation. The order will be delivered between Q4 2018 and Q2 2019.
2018-05-23
Regulatorisk

ÅAC Microtec AB I tillägg till den tidigare kommunicerade uppskattningen av omsättningen om 85 MSEK för 2018 räknar ÅAC Microtec med att ett positivt EBITDA-resultat uppnås under fjärde kvartalet 2018.

2018-05-23
Regulatory
ÅAC Microtec AB In addition to the previously announced estimate of total turnover of MSEK for 2018, ÅAC Microtec expects a positive EBITDA result during the fourth quarter of 2018.
2018-05-08
Regulatorisk

ÅAC Microtec AB ÅAC vinner uppföljningsorder från en japansk kund, den första ordern publicerades i november 2017. Det totala ordervärdet är cirka 2,5 MSEK och förväntas levereras i två omgångar, under andra respektive fjärde kvartalet 2018.

2018-05-08
Regulatory

ÅAC wins follow-on order from a Japanese customer, the first order was press released in November 2017. The total order value is approximately 2.5 MSEK and is expected to be delivered in two batches, during Q2 and Q4 2018.

2018-05-07
Regulatorisk

ÅAC Microtec AB ÅAC har vunnit en order från Aistech Space i Spanien avseende delsystem till 10 av Aistechs nästa generation av satelliter. Ordervärdet är cirka 5,6 MSEK, leveranser startar under tredje kvartalet 2018.

2018-05-07
Regulatory

ÅAC Microtec AB ÅAC has received an order from Aistech Space in Spain to supply spacecraft subsystems to ten of Aistech's next generation of satellites. The total order is worth approximately 5.6 MSEK, deliveries starts in Q3 2018.

2018-05-03
Regulatorisk

Småsatellitleverantören ÅAC Microtec uppskattar att omsättningen för 2018 kommer att uppgå till omkring 85 MSEK. I uppskattningen ingår Clyde Space under 11 månader.

2018-05-03
Regulatory

The small satellite supplier ÅAC Microtec expects that the total turnover 2018 will be approx. 85 MSEK. The estimate includes Clyde Space during 11 months.

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