M&A Deal Summary

Kongsberg Satellite Services Acquires Vake

On March 20, 2024, Kongsberg Satellite Services acquired information technology company Vake

Acquisition Highlights
  • This is Kongsberg Satellite Services’ 1st transaction in the Information Technology sector.
  • This is Kongsberg Satellite Services’ 1st transaction in Norway.

M&A Deal Summary
Date 2024-03-20
Target Vake
Sector Information Technology
Buyer(s) Kongsberg Satellite Services
Deal Type Add-on Acquisition

Target

Vake

Oslo, Norway
website
Vake is a space–startup that delivers maritime domain awareness by using satellite data combined with machine learning. The company works on applying Machine Learning/Artificial Intelligence (ML/AI) to satellite images to detect and analyze the behavior of vessels, including ships that choose to hide their position, identity, and activity at sea. Vake was formed in 2018 and is based in Oslo, Norway.

Search 192,907 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Kongsberg Satellite Services

Tromsø, Norway

website

Category Company
Founded 1968
Sector Aerospace
DESCRIPTION

Kongsberg Satellite Services is a provider of satellite ground networks and Earth Observation services. It provides optimized locations for satellites in polar, inclined, and equatorial orbits. Kongsberg Satellite Services was formed in 1968 and is based in Tromsø, Norway.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Norway) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

Legal