Foxcom Acquired by Global Invacom Group
Beit Shemesh, Israel, November 21, 2014--Foxcom, a provider of RF over Fiber solutions announced that it has been acquired by the Global Invacom Group Limited, a fully integrated satellite equipment provider headquartered in Singapore.
Leveraging on Foxcom’s worldwide customer base and Global Invacom’s vast pool of R&D resources, Foxcom will expand its footprint in existing and new geographies while entering new product markets, as demand for professional satellite equipment grows, according to Foxcom. With the backing of a publicly traded entity, Foxcom looks forward to enhancing its value proposition with increased R&D, mass production and better customer support.
Foxcom as a company will continue to operate as Foxcom and its Headquarters and R&D will remain in Israel. Global Invacom Group Limited is listed on the Singapore Exchange Securities Trading Limited Mainboard (“SGX-ST”) and its shares are admitted to trading on the AIM Market of the London Stock Exchange in the U.K.
Global Invacom is a fully integrated satellite equipment provider with five manufacturing plants across China, Malaysia and the U.K., providing a full range of LNB receivers, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications, TV peripherals, computer peripherals, medical, and consumer electronics industries. Its customers include satellite broadcasters such as BSkyB of the U.K. and DISH Network of the U.S.A.