York Space to buy satcom terminal manufacturer All.Space
York Space Systems plans to acquire satellite communications terminal provider All.Space in a deal valued at about $355 million, expanding the company's reach beyond spacecraft manufacturing into user equipment and network connectivity.
The Denver-based satellite maker said the acquisition, if approved, will make All.Space a wholly owned subsidiary. The transaction is expected to close in the third quarter.
"With this acquisition, York is creating a complete communications ecosystem that operates in contested environments across commercial and government networks," Chief Executive Dirk Wallinger said in a statement April 30.
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Founded in 2019 and headquartered in the United Kingdom, All.Space has operations in Europe and the United States. The company makes multi-orbit, multi-band communications terminals designed to connect across low, medium and geostationary Earth orbits.
According to a regulatory filing, the total purchase price includes $155 million in cash and up to 5.9 million shares of York stock. The deal is being structured as a two-step merger through subsidiaries, after which All.Space would become part of York.
All.Space's products are built around electronically steered phased-array antennas that allow users to maintain simultaneous links to multiple satellite networks. The systems are designed to operate while in motion on vehicles, ships or aircraft, and are aimed at both commercial and defense applications.
The company last year said it delivered terminals to the U.S. Navy and U.S. Army.
The planned acquisition is York's second since it went public earlier this year. In March, the company acquired Orbion Space Technology, a supplier of satellite propulsion systems. Last year it acquired Atlas Space Operations, a provider of ground station services and software.
Taken together, the deals point to a strategy of expanding across the satellite communications value chain. York has focused on building satellites, particularly for U.S. national security programs, and is now moving into ground infrastructure and user terminals.
All.Space was previously known as Isotropic Systems, a U.K.-based company founded to develop electronically steered antennas capable of connecting to multiple satellites and frequency bands simultaneously. It later rebranded to reflect a broader focus on multi-orbit, multi-network connectivity.
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