Norsat International Inc. announced that it has acquired 100% of Ireland-based Bluemoon 4G Ltd., a provider of WiMAX solutions. As terms of the agreement, Bluemoon will be purchased with 5,000,000 Norsat common shares. The addition of a comprehensive end-to-end turnkey WiMAX solution will complement Norsatâ€™s existing product portfolio.
â€œWith the acquisition of Bluemoon, we accelerate our entry into the WiMAX market and expand our geographic reach into markets in emerging countries,â€ stated Dr. Amiee Chan, president and CEO. â€œWe believe this acquisition is aligned with our strategic diversification into the commercial sector and will deliver long term growth and increase Norsatâ€™s profitability.â€
Bluemoonâ€™s flagship product WiMAXâ€“in-a-Box has both commercial and military applications. The product is the perfect solution to rapidly deploy connectivity in markets lacking extensive communications infrastructure. Bluemoon has successfully gained sales traction in rural markets such as Africa and South East Asia.