Euclid specializes in the development of positioning systems for the defense industries, which include precise, small and lightweight positioning and tracking systems
Orbit Communication Systems Ltd., a leading global provider of maritime and airborne SATCOM terminals, tracking ground station solutions, and mission-critical airborne audio management systems announced that it has entered into an agreement to purchase 100% of the issued and repaid capital of Euclid System Engineering Ltd., which specializes in the development of smart, small and lightweight positioners & tracking systems for the defense industries.
This transaction is part of Orbit’s plans to expand and complete the portfolio of products that the company currently offers to its customers. Orbit intends to invest in maximizing the synergy between the activities and capabilities that exist in the company today and Euclid’s current and future activities.
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Daniel Eshchar, CEO of Orbit, said: “This transaction is in line with Orbit’s strategy for both organic and inorganic growth in the company’s core areas, while expanding our product portfolio and solutions to additional content worlds that require precise, small and lightweight positioners systems such as unmanned airborne and satellite applications, sea and land vehicle systems.”
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About Orbit Communication Systems:
Orbit Communication Systems Ltd., a leading global provider of airborne communications and satellite-tracking maritime and ground-station solutions, is helping to expand and redefine how we connect. You’ll find Orbit systems on airliners and jet fighters, cruise ships and navy vessels, ground stations and offshore platforms. We deliver innovative, cost-effective and highly reliable solutions to commercial operators, major air forces and navies, space agencies and emerging New Space companies.
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