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[Satellite Today 05-22-09] Swedish Space Corp. (SSC) completed the acquisition of U.S.-based Universal Space Network (USN), a U.S.-based telemetry, tracking and control services provider, after it receiving approval from the U.S. government, SSC announced May 20.
SSC said that under the terms of the acquisition, first announced in January, USN will operate as a U.S. corporation and subsidiary of SSC with no change to its operation or organization.
USN aims to provide a larger set of global services to their customers while continuing to provide a high level of support to each customer locally. PrioraNet, the trademarked name of their global satellite tracking service, is now positioned to better support civil, commercial and government missions worldwide, SSC said.
Eric Zahler, managing director and co-founder of Sagamore Capital Group and former president and COO of Loral Space & Communications, will join USN as its board chairman.
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