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 focus on aviation safety and global aircraft tracking, and Aireon provides space-based ADS-B data services that support air traffic monitoring and situational awareness. The Iridium acquires Aireon technology M&A combines Aireon’s satellite-enabled surveillance with Iridium’s communications network to expand coverage for airlines and aviation stakeholders. The merger acquisition is a strategic acquisition by a strategic buyer, valued above $100M, and is announced as a deal expected to close under agreed terms.