ASTG has signed the final agreement to acquire SatCom on the Move technology from the Qamcom Group company ReQuTech. In the transaction, ASTG will acquire all the technology, design and IP rights needed in relation to the specified solution for land-based on the Move communication, initially aimed at the commercial market.Also, ReQuTech is now one of the biggest shareholders of ASTG and will assist ASTG in all business areas as a long-term R&D partner.
The land-based SatCom technology will bring synergies and be a good complement to ASTAG’s Maritime products. For Qamcom Group and ReQuTech this opportunity means knowledge exchange and a wider commercial window. The technology value of the solution at its current stage is agreed to be 8 000 000 SEK.
”ReQuTech has a clear strategy of developing state of the art technology for satellite communication. We have worked for several years to develop this unique solution for SatCom on the Move for Land, and we are delighted to handover it to ASTG. ASTG has the knowledge and ability to productize the technology and take it to the market. We are also very pleased to be new shareholders and investors in ASTG and we look forward to create more technology with ASTG in a long-term relationship, both as ReQuTech and Qamcom", says Omid Sotoudeh, CEO and founder of ReQuTech and Johan Lassing, CEO and founder at Qamcom Group.
Combining ASTG’s knowledge and strong ability with Qamcom’s unique expertise and development process, gives great potential to create better solutions ready for the market faster.
“This is an important step in our technology and product strategy and we will now use our knowledge to take the technology from prototype stage into a final product and production ramp up. We will start to market the solution immediately. I am looking forward to do more business with the two owners of ReQuTech, Omid Sotoudeh and Johan Lassing from Qamcom", says Carsten Drachmann, CEO at ASTG.
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Qamcom Group consists of diversified companies and skilled individuals with one overall purpose, to create impact through technology. With a holistic view, technology as a tool and people in mind, Qamcom Group always strives towards progress to generate value and results for all stakeholders.
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