OmniGlobe Network EMEA has signed a Letter of Intent to acquire privately-held  Sat-Comm Ltd, which now boasts a fully-equipped production and manufacturing facility in the United Kingdom. OmniGlobe will own the entire issued share capital and assets. The proposed transaction, which is supported by both boards, is subject to the completion of a normal due diligence process and a final purchase agreement.

The agreement between the two companies has come as a result of a two-year fruitful and productive business relationship and reinforces OmniGlobe’s determination to build on its growing success in the broadcast and news gathering market.

Sat-Comm Ltd will receive a combination of cash and ordinary shares in OmniGlobe Networks Inc.
 

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