ST Engineering’s iDirect Government Acquires Glowlink
Singapore Technologies Engineering (ST Engineering) revealed that its U.S. subsidiary, iDirect Government (iDirectGov), acquired 100 percent ownership of Glowlink Communications Technology. This acquisition was carried out by way of a merger through a newly-incorporated special purpose vehicle, Intrepid Merger Sub and Glowlink, with Glowlink being the surviving entity.
The aggregate purchase consideration was $20 million on a cash-free and debt-free basis plus employment based retention payment of up to $5 million, subject to the fulfillment of certain conditions. Based in Mountain View, CA, Glowlink delivers solutions that help mitigate satellite interferences and improve the quality of satellite communications. Its satellite network management solutions are able to detect and remove satellite signal interferences. Glowlink’s products span carrier and spectrum monitoring, interference detection and mitigation, geolocation, and satellite capacity planning which will help augment iDirectGov’s satellite solutions.
“This acquisition builds off the strengths of both teams to expand our satcom offerings with technology tailored to protect mission-critical communications, especially in an increasingly dense signal environment with the advent of many small satellites and 5G. The complementary product suite provides immediate benefit to iDirectGov’s user community as it enhances product resilience against signal interference,” said Ravinder Singh, President of Electronics sector, ST Engineering.