Small-satellite builder AAC Microtec buys cubesat builder Clyde Space for $35 million

by Peter B. de Selding

PARIS — Swedish small-satellite builder AAC Microtec is buying fast-growing cubesat manufacturer Clyde Space for five times Clyde’s fiscal-year 2017 revenue in the expectation that the combined company will grow to dominate a market growing from $200 million to $3 billion in the coming years.

The transaction, which is expected to close by February, makes the Nasdaq First North exchange of Sweden home to what are perhaps the two largest publicly traded pure-place smallsat builders.

GomSpace of Denmark, like AAC Microtec, is traded on the . . .

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