Iridium completes acquisition of Satelles, Inc. to become a leading provider of satellite-based time and location services
Acquiring Company
Iridium Communications
Acquired Company
Satelles
McleanRestonHardwareSecurityCommunitiesSatellite CommunicationWirelessDescription
Iridium Communications Inc. reported its first-quarter 2024 results and highlighted the completion of its first ever acquisition of Satelles, Inc. This strategic acquisition enables Iridium to enhance its service offerings by providing satellite-based time and location services, reinforcing its position as a leader in global voice and data satellite communications.
Quick answer
Iridium Communications is acquiring Satelles, announced April 18, 2024. Iridium Communications is based in Mclean, Virginia, United States.
- How much did Iridium Communications pay for Satelles?
- The deal value was not disclosed.
- What does Iridium Communications do?
- Iridium® is the only mobile voice and data satellite communications network that spans the entire globe.
- Where are Iridium Communications and Satelles based?
- Iridium Communications is based in Mclean, Virginia, United States. Satelles is based in Reston, Virginia, United States.
- Who are the decision-makers at Iridium Communications?
- Fundz holds 1 contact at Iridium Communications. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Hardware and Security
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Iridium completes acquisition of Satelles, Inc.; Introduces Iridium Satellite Time and Location (STL) (April 2, 2024)
- T-Mobile to acquire UScellular's Wireless Operations and Select Spectrum Assets for $4.4B, $4.4B (May 28, 2024)
- Boldyn Networks completes acquisition of Apogee Telecom to expand connectivity solutions (May 16, 2024)
- MCA acquires LightSpeed Technologies, Inc. to strengthen Data Division (April 29, 2024)
- Nokia completes acquisition of Fenix Group, reinforcing U.S. defense strategy (May 22, 2024)
- Cisco completes acquisition of Isovalent to define the future of multicloud networking and security (April 12, 2024)
Who to call at Iridium Communications, and when
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- The decision-makers there, with verified emails
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Frequently asked
Who acquired Satelles?
Satelles was acquired by Iridium Communications, based in Mclean. The deal was reported on April 18, 2024. Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Iridium Communications is publicly traded (IRDM) and operates in Hardware.
When did Iridium Communications acquire Satelles?
Iridium Communications's acquisition of Satelles was reported on April 18, 2024. Iridium Communications Inc. reported its first-quarter 2024 results and highlighted the completion of its first ever acquisition of Satelles, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Satelles do?
Satelles, Inc. is a provider of highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. It is privately held, and is based in Reston.
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