There’s a Dutch company that will be joining the Swedish-Scottish Group at AAC Clyde Space, subject to approval by an AAC Clyde Space Extraordinary General Meeting.
Based on a cash and shares deal, Hyperion Technologies has agreed to be acquired by AAC Clyde Space. The acquisition is subject to approval by an AAC Clyde Space Extraordinary General Meeting.
The Dutch space company will join the Swedish-Scottish Group to strengthen the offering to the global space market. The CEO of Hyperion Technologies is enthusiastic about this step, “We have always strived to grow and to expand. Our success in the market has shown that we need to up our game in order to respond appropriately to our clients. As part of AAC Clyde, we can address these needs by offering a more integrated one-stop-shop, increased service levels and more robustness as a business.
The smallsat market is a fast-paced and competitive industry. New business models and actors make it necessary to adapt. Many of them shake up the way we deliver satellites or components, the speed in which they are delivered, and the ease of purchase. For Hyperion, it was a logical step to seek an internationally renowned partner with a similar mindset and complimentary product portfolio to achieve just that. As a larger group, we will be able to respond better to procurement needs, small series production for constellations and integrated service offerings.”
Steven Engelen, CTO of Hyperion, ensures, “We will continue supporting our clients in their mission. Our technical team is available as usual. It is in our joint interest with AAC Clyde to maintain clients’ satisfaction. We are also looking forward to joining forces with teams from the group, sharing our knowledge and providing a new generation of integrated solutions.”
Current contracts and agreements will continue to be executed normally.
Hyperion continues to be open for inquiries and orders for Hyperion products. Alexandra Sokolowski, Business Development Manager stated, “We would like to invite our current clients to explore the AAC Clyde offering. Together, we will create a new integrated offering. Our clients’ feedback is going to play a key role in shaping it.”
Hyprion Technologies is an independent Dutch space company located in Delft, Netherlands. Active since 2013, it specializes in the development of miniaturized, high-performance and smart components for small satellites as well as satellite platforms for complete missions including both hardware and software.
The company was founded by CEO Bert Monna, CTO Steven Engelen and Cor in ‘t Veld.