Press release – Delft, 7 October 2020
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, Bert Monna, is very excited 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.
Business as usual
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.
Product sales continue
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.”
About Hyperion Technologies
Hyperion Technologies is an independent Dutch space company located in Delft, Netherlands. Having been active since 2013, it specialises in the development of miniaturised, high-performance and smart components for small satellites as well as satellite platforms for complete missions. This includes both hardware and software. Hyperion follows the philosophy to provide the best-in-class products to its clients worldwide, scratching at the limits of the physically possible within the scope of miniaturisation.
Hyperion Technologies was founded in 2013, has 15 employees and is based in Delft, the Netherlands. The company was founded by CEO Bert Monna, CTO Steven Engelen and Cor in ‘t Veld.
About AAC Clyde Space
AAC Clyde Space offers turnkey solutions and services from mission design to on-orbit operations, including reliable customizable satellite platforms in the range of 1 to 50 Kg and a full range of subsystems for cube and small satellites. With unrivalled flight heritage and end-to-end service, AAC Clyde Space enables customers to reach their mission goals through a single, trusted point of contact.
Del Canho & Engelfriet M&A Consultancy
Hyperion would like to express special thanks to Amsterdam-based M&A strategy specialist Del Canho & Engelfriet who is supporting this transaction.
Press release AAC Clyde Space (7 October 2020): AAC Clyde Space to acquire Hyperion Technologies for 22.8 MSEK
Bert Monna, CEO firstname.lastname@example.org M+31 6 53699502
Alexandra Sokolowski, Business Development Manager email@example.com, M +31 615386886
Vlinderweg 2 – 2623 AX Delft – The Netherlands