Aireon Acquired by Iridium | Technology M&A Deal

Iridium has acquired Aireon, a technology other business in the United States, for $366.7 million. Iridium acquisitions center on Aireon’s aviation surveillance technology that enables aircraft tracking using space-based ADS-B data to improve aviation safety and operational awareness. Aireon acquisition supports Iridium’s strategic acquisition plan to expand global connectivity and data services for airlines and air navigation stakeholders. The merger acquisition is an announced strategic acquisition by Iridium, a strategic buyer, with deal size over $100M and a technology M&A focus on strengthening its satellite-enabled communications and monitoring platform.