[Satellite Today 03-03-09] Globecomm Systems has acquired Mach6, a satellite services provider headquartered in the Netherlands, for $5.9 million, Globecomm announced Mar. 2.
    Mach6 employs approximately 30 staff members and has a concentration of recurring service revenues in the government and maritime marketplaces. Mach6’s unaudited revenues for 2008 were approximately $10 million. The transaction is expected to be immediately accretive to Globecomm’s diluted earnings per share.
    “We decided to move forward with this transaction due to a strong cultural fit between the organizations, led by the desire to provide seamless global satellite services to the maritime industry and to add high quality managerial and technical bench strength,” said David Hershberg, CEO, president and chairman of Globecomm, in a statement.
    Shareholders of Mach6 can receive up to 300,000 shares of Globecomm common stock, subject to an earn-out based on certain net income milestones, which must be achieved within twelve months, Globecomm said.