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  6. OneWeb Acquires TrustComm

M&A Deal Summary

OneWeb Acquires TrustComm

On May 10, 2021, OneWeb acquired communications company TrustComm

Acquisition Highlights
  • This is OneWeb’s 1st transaction in the Communications sector.
  • This is OneWeb’s 1st transaction in the United States.
  • This is OneWeb’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-05-10
Target TrustComm
Sector Communications
Buyer(s) OneWeb
Deal Type Add-on Acquisition

Target

TrustComm

Houston, Texas, United States
TrustComm is a provider of global satellite communications services. TrustComm build, design, implement and manage complex COMSATCOM solutions and services. TrustComm provides vital interoperability between commercial satellite and government communications systems. TrustComm was founded in 1999 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

OneWeb

London, United Kingdom
Category Company
Sector Communications
DESCRIPTION

OneWeb is a global communications network powered from space enabling connectivity for governments, businesses, and communities. It is implementing a constellation of Low Earth Orbit satellites with a network of global gateway stations and a range of user terminals to provide an affordable, fast, high-bandwidth and low-latency communications service, connected to the IoT future and a pathway to 5G for everyone, everywhere. OneWeb is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
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