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.

2018-05-23
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.

2018-04-25
Regulatorisk

Aktieägarna i ÅAC Microtec AB, org. nr 556677-0599, kallas härmed till årsstämma torsdagen den 24 maj 2018 klockan 13.00 i lokaler på Hotel Villa Anna, Odinslund 3, 753 10 Uppsala.

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.

2018-02-21
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.

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