DataPath Poised To Buy Swe-Dish Satellite Systems
DataPath is on the verge of completing acquisition of European mobile satellite terminal vendor Swe-Dish Satellite Systems with a deal likely to be announced later in the month, Swe-Dish said June 8.
Swe-Dish will continue to run as a wholly owned but independent subsidiary, Lars Jehrlander, CEO of Swe-Dish explained. “It seemed to make a lot of sense for the two companies to join forces,” he said. “The combination will also give us a better foothold in the U.S. market. From a DataPath perspective, it is a good step in their ambitions of becoming a more international company.”
Jehrlander told Satellite News that the company’s employees had been informed and that a formal announcement was “imminent.” He expected the deal to be finalized within a month.