Hytera to acquire Norsat International Inc.
Syndico PMR partner, Hytera, has announced it’s takeover plans for Norsat International Inc.
Norsat International Inc, a provider of communications solutions for remote applications has announced today (27 March) that it has entered into an arrangement agreement with a subsidiary of Hytera, under which Hytera will acquire all of Norsat’s shares for US$10.25 in cash per share, valuing the transaction at approximately US$62 million (£49.29 million).
Norsat’s products and services include product design and development, production, distribution and infield support and service of fly-away satellite terminals, microwave components, Radio Frequency (RF) conditioning products, maritime based satellite terminals and remote network connectivity solutions.
Team Syndico are optimistic about the possibilities this acquisition brings to the company.