MicroSat To Become Wholly Owned Subsidiary Of SNC
[Satellite Today – 1-10-08] Sierra Nevada Corp. (SNC) has acquired MicroSat Systems Inc., SNC announced Jan. 3.
MicroSat Systems is a leader in the small satellite market and has developed a line of spacecraft products that can be deployed within an 18-month lead time.
“We believe that [MicroSat]’s offerings will prove to be a disruptive technology in the satellite industry the way that things like digital cameras and personal computing devices have been in other high-tech markets,” MicroSat President John Roth, said in a statement. “With the financial backing and new customer access that SNC will provide we can offer these products to a larger customer base.”
Financial details of the transaction were not released.