"Astrocast acquires Hiber, accelerates OEM strategy."

Astrocast, a leading global nanosatellite IoT network operator, has announced the signature of an agreement to acquire Hiber, a Netherlands-based, IoT-as-a-Service provider. Under the agreement, Astrocast agreed to acquire all of Hiber's shares in exchange for the issuance of new Astrocast shares, representing 16.5% of Astrocast's share capital, calculated prior to its previously announced public offering on Euronext Growth Paris. Hiber's shareholders also agreed to invest euro 10.45 million in Astrocast's public offering.