M&A Deal Summary

Titan Innovations Acquires Sky Sapience

On December 22, 2022, Titan Innovations acquired communications company Sky Sapience from COMSovereign for 2M USD

Acquisition Highlights
  • This is Titan Innovations’ 1st transaction in the Communications sector.
  • This is Titan Innovations’ largest (disclosed) transaction.
  • This is Titan Innovations’ 1st transaction in Israel.

M&A Deal Summary
Date 2022-12-22
Target Sky Sapience
Sector Communications
Buyer(s) Titan Innovations
Sellers(s) COMSovereign
Deal Type Divestiture
Deal Value 2M USD

Target

Sky Sapience

Yokneam, Israel
Sky Sapience is a provider of tethered hovering platforms which are field-proven worldwide. The company's flagship product series, the HoverMast tethered hovering platform, offers an exceptional size-to-payload ratio, visibility, durability, and stability in all weather and light conditions. Sky Sapience was founded in 2010 and is based in Yokneam, Israel.

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Buyer(S) 1

Buyer

Titan Innovations

Herzliya, Israel
Category Company
Sector Business Services
DESCRIPTION

Titan Innovations is a developer of specialized, fully integrated unmanned systems and solutions designed for civilian and military applications. Titan provides its customers with comprehensive systems engineering and integration services including software and control expertise in the field of robotics, autonomy, navigation, and communication with hardware sourced from leading global manufacturers. Titan Innovations is based in Herzliya, Israel.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (Israel) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

COMSovereign

Tucson, Arizona, United States
Category Company
Founded 2014
Sector Communications
Employees25
Revenue 10M USD (2022)
DESCRIPTION

COMSovereign has assembled a portfolio of communications technology companies that enhance connectivity across the entire data transmission spectrum. Through strategic acquisitions and organic research and development efforts, COMSovereign has become a U.S.-based communications provider able to provide 4G LTE Advanced and 5G-NR telecom solutions to network operators and enterprises. ComSovereign was founded in 2014 and is headquartered in Tucson, Arizona.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (Israel) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-18 SAGUNA Networks

Yokneam, Israel

SAGUNA Networks is a multi-access edge computing ("MEC") cloud software developer, significantly expanding its software technology offerings powering 5G wireless networks. SAGUNA Networks is based in Yokneam, Israel.

Buy $14M
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