EMS expects the acquisition to be accretive in 2008, but not to materially affect its financial performance for 2008. Sky Connect’s two co-founders, CEO Steve Silverman and COO Wiley Loughran, will lead EMS’s Iridium-based business after the acquisition is closed.
Paul Domorski, president and CEO of EMS Technologies, said: Acquiring Sky Connect complements EMS’s aero-connectivity strategy by adding Iridium hardware and services business targeting the growing general aviation market. In addition, Sky Connect’s efforts with Qantas, Air New Zealand and El Al parallel our similar expansion into the air transport market. We also anticipate synergies with our emerging Blue-Force-Tracking programs.
